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The cash account in the depositor's ledger is a?
In the depositor's ledger, its cash account is an asset with a debit balance. Account assets also includes accounts receivable and inventories.
Definition of checking account?
an account at a bank against which checks can be drawn by the account depositor.
How do you issue a cashiers check?
A bank issues a cashiers check,on behalf of a depositor, by setting funds aside from the depositor's account.
A check drawn by a depositor in payment of a voucher for 725 was recorded in the journal as 257 What entry is required in the depositor's accounts?
Depositor's account need to be increased by 468 to actually show the correct balance in books of accounts and that is the difference in both amounts.
What occurs when a depositor writes a check on an account that is insufficient to cover a check?
insufficient funds
The cash account in the depositor's ledger is a?
In the depositor's ledger, its cash account is an asset with a debit balance. Account assets also includes accounts receivable and inventories.
Definition of checking account?
an account at a bank against which checks can be drawn by the account depositor.
What is the full form of DAN?
Depositor Account Number
How do you issue a cashiers check?
A bank issues a cashiers check,on behalf of a depositor, by setting funds aside from the depositor's account.
What is an example of direct finance A. An investor calling up their broker and purchasing a bond. B. An investor purchasing a mutual fund. C. A depositor opening an account a?
A depositor opening an account
A paycheck is electronically transferred into the depositor's account without the depositor having to come to the physical location of the credit union office?
Direct Deposit
What is A paycheck is electronically transferred into the depositor's account without the depositor having to come to the physical location of the credit union office?
direct deposit
A check drawn by a depositor in payment of a voucher for 725 was recorded in the journal as 257 What is the required in the depositor?
Depositor's account need to be increased by 468 to actually show the correct balance in books of accounts and that is the difference in both amounts.
A check drawn by a depositor in payment of a voucher for 725 was recorded in the journal as 257 What entry is required in the depositor's accounts?
Depositor's account need to be increased by 468 to actually show the correct balance in books of accounts and that is the difference in both amounts.
What occurs when a depositor writes a check on an account that is insufficient to cover a check?
insufficient funds
Are checks written by a depositor and paid by the bank?
Yes, a person with a bank account (a depositor) can write a check against that account for a sum of money. The person given the check (who the check is made out to) then presents it to their bank and the banks between them move the money from the account of the person who wrote the check to the account of the person who was given the check.
What is OD account?
od account or the overdraft account is an account from which the depositor can draw more amount than that is available in the account.This is given on the basis of fd,assets etc.
