On a Bank Statement, Deposits Are Listed as Debits Because

question 76

True/False

On a bank statement, deposits are listed as debits because the bank increases its cash account when the deposit is made.

---

Definitions:

Retailers

Retailers are businesses or individuals that purchase goods from manufacturers or wholesalers and sell them directly to consumers.

Promotional Activities

Marketing efforts intended to increase awareness or sales of a product or service, often through discounts or advertising.

Profitable

A state where a business or investment generates more revenue than the expenses incurred, leading to a financial gain.

Retailers

Businesses that sell goods directly to consumers, acting as the final link in the supply chain.