0
yes
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
Can I deposit cash in someone esle's checking account?
Yes. There are no restrictions as to who can deposit cash into a checking account. Anyone can deposit cash into anyone else's account as long as they know the account number of the account into which they want to deposit cash. For ex: I can walk into the bank branch where you hold a checking account and deposit $500 into it if I know the account number. Nobody will ask or question me as to why I am doing so…
What is cash deposit adjustment?
When you have cash deposit credit adjustment how do you post it to ledger account
What is the general journal entry for cash deposit?
Cash deposit to bank has contra entry as follows: [Debit] Bank account [Credit] Cash account
Can you open an account in US and have a person from UK deposit money in that account?
Yes. There are no restrictions as to who can deposit cash into an account. Anyone can deposit cash into anyone else's account as long as they know the account number of the account into which they want to deposit cash. For ex: I can walk into the bank branch where you hold a checking account and deposit $500 into it if I know the account number. Nobody will ask or question me as to why I am doing so…
What is cash deposit credit adjustment?
When you have cash deposit credit adjustment how do you post it to ledger account
What if someone wants to put money in your bank?
Yes. There are no restrictions as to who can deposit cash into a checking account. Anyone can deposit cash into anyone else's account as long as they know the account number of the account into which they want to deposit cash. For ex: I can walk into the bank branch where you hold a checking account and deposit $500 into it if I know the account number. Nobody will ask or question me as to why I am doing so…
Can you deposit cash into a friends bank account?
Yes, if you know the account number. You will get a receipt for the deposit, but it will not show you your friend's account balance.
Can you deposit a cash card in your savings account?
yes
Can someone deposit your paycheck into their bank account to cash it for you?
No
Will the money supply increase if people deposit their cash into a demand deposit account?
yes
What is the difference between a current account and a call deposit account?
You can withdraw cash at your call deposit account at any time if you have a call deposit account. The current account has the sum of the income of the goods and service less the expenditure.
What is journal entry for salary account?
Debit salary accountCredit cash / bank
