0
Add your answer:
Earn +20 pts
What is a journal entry for opened a bank account and deposit 50000?
Debit bank account 50000Credit cash 50000
How long does it take for cash to clear at PNC bank?
Cash that is deposited into a PNC bank account will clear immediately. The funds will be available for use in your account after deposit is made.
What is an outstanding deposit?
an outstanding deposit means cash received by the company and recored in their general ledger, but bank has not yet credited the bank account
What is the journal entry for cash deposit for Fixed deposit in bank?
debit bank accountcredit cash / bank
How do you encash checks?
You can do it in many ways:Walk into the bank branch that issued the check and cash it directly by providing a photo identity proofWalk into an ATM and deposit the check into your bank accountWalk into the bank branch (any bank that you have an account with) and deposit the check into your bank 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 someone deposit your paycheck into their bank account to cash it for you?
No
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 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 cash a check issued by JP Morgan chase at Bank of America?
It depends:If you want to get cash directly from the check without having to deposit it into your bank account - NO. You can do that only from JPMC bank branchesIf you are planning to deposit the check into your bank account - YES, you can deposit the check into your account that is held with any bank across USA
What is journal entry for cheq deposit?
[Debit] Bank Account [credit] Cash Account
I am a pakistani i have a lot of cash money now what bank account should i have to deposit money?
If you have a lot of cash, you will need to deposit the money in a bank in the town you live.
Can you deposit gold into your bank account?
No. Only Cash (Money) can be deposited into a bank account. Gold is a valuable metal and there is no way a bank will accept that and deposit it into your account. However, you can always rent out a safety deposit locker with the bank and keep your gold in that for safekeeping.
What is a journal entry for opened a bank account and deposit 50000?
Debit bank account 50000Credit cash 50000
How many times you can deposit cash in your bank account?
As often as you wish.
Can I get a cash loan in the bank?
A bank institution will never hand out a loan in cash money. The bank will almost always make a deposit to your bank account, from which you can then withdraw cash.
What does CD stand for banking?
A CD is a Certificate of Deposit, which is a financial product that pays a higher rate than a traditional savings account in exchange for an agreement that the deposit will remain in the bank for a fixed period of time. Periodic statements are not typically issued for a CD. Some banks such as Bank of America offer a hybrid or flexible savings plan that combines elements of a savings account and a CD. With these accounts, it is possible that a monthly or quarterly statement would be issued.
