it is not included since the bank is already closed
Even if the account is closed, the cash inside of the account is still considered an asset and no accounting entries are necessary. If a new account is opened, the new account is debited the cash balance and the old account is credited.
check
No, they have to send it back to where it came from...that is, unless the closed account was negative.
Your local bank should have deposit slips inside. It is a good idea to take a small handful. There might be times when the bank is closed and the ATM machine outside will not have slips.
debit bank accountcredit cash / bank
Even if the account is closed, the cash inside of the account is still considered an asset and no accounting entries are necessary. If a new account is opened, the new account is debited the cash balance and the old account is credited.
check
No, the account is closed.
Use the after hours depository box on the side of the bank.
No, they have to send it back to where it came from...that is, unless the closed account was negative.
They can deposit money into their personal bank account but they shouldn't. It will mix funds and accounting and taxes will be challenging. They can also be accused of wrongdoing.
Your local bank should have deposit slips inside. It is a good idea to take a small handful. There might be times when the bank is closed and the ATM machine outside will not have slips.
Each time you deposit in or withdraw money from the bank you create an accounting transaction.
You can use the ATM or the night depository slot.
A banker's acceptance starts as a time draft drawn on a bank deposit by a bank's customer to pay money at a future date, typically within six months, analogous to a post-dated check. Next, the bank accepts (guarantees) payment to the holder of the draft, analogous to a post-dated check drawn on a deposit with over-draft protection.
Generally if a bank closes, another bank will buy the deposit accounts and take them over. Your checking account would be transferred to the new bank
yes you can deposit quarters at the bank