Company receive the money of the loan, $200 000, and deposit it in its bank account, which side should we record the account Cash in bank?
A: debit
B: credit
A: debit
B: credit
举一反三
- Which one of the following savings plans is not covered by federal deposit insurance? A: passbook account at a savings and loan B: regular checking account at a commercial bank C: money market account at a commercial bank D: money market fund with an investment company E: certificate of deposit at a commercial bank
- A company receives £500 of cash as an additional investment in the company by its owner, Mary Smith. The company's Cash account is increased and Mary Smith, Capital is increased. Should the £500 entry to the Cash account and to Mary Smith, Capital be a debit or a credit, respectively? A: a debit; a debit B: a debit; a credit C: a credit; a debit D: a credit; a credit
- You can get your tax refund with the stamped cheques at the Cash Refund Counter, or get it by transferring it into your____________ . A: savings account B: debit account C: credit account D: cash bank account
- If you are a new-comer to the US, you may not be entitled to____________. A: a credit card B: a debit card C: a bank account in the federal credit union D: a bank account in a larger bank with better credit and better service
- If a company deposits all its receipts in the bank and pays all its bills by check, then the monthly bank statement balance will always agree with the company's record of its checking account balance.