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Subjects>Law & Government>United States Government

Is demand deposits an asset on the accounting books of a bank or a liability?

Updated: 10/24/2023

Wiki User

∙ 12y ago

Best Answer

an asset

Wiki User

∙ 12y ago

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∙ 6mo ago

Demand deposits are considered liabilities on the accounting books of a bank. This is because the bank is obligated to repay the deposited funds to the account holders on demand. It is essentially a debt owed by the bank to the account holders.

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