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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…
Can an F1 student deposit cash into their bank account?
Yes, an F1 student can deposit cash into their bank account.
What is cash deposit adjustment?
When you have cash deposit credit adjustment how do you post it to ledger account
How can I deposit cash into my business account?
To deposit cash into your business account, you can visit your bank branch and use the deposit slip provided by the bank. Fill out the required information, including your account number and the amount of cash you are depositing. Hand the cash and deposit slip to the teller, who will process the deposit and provide you with a receipt for your records.
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 someone deposit your paycheck into their bank account to cash it for you?
No
Can you deposit a cash card in your savings account?
yes
Will the money supply increase if people deposit their cash into a demand deposit account?
yes
