Multiple Choice Questions on On the bank statement cash deposited by the company is known as ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

On the bank statement cash deposited by the company is known as ........

General Accounting Principles Bank reconciliation statement
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    On the bank statement, cash deposited by the company is known as

    Credit

    Correct Answer

    Debit

    Incorrect Answer

    Liability

    Incorrect Answer

    Expenses

    Incorrect Answer
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    Explanation:

    A cash deposit made by business appears on the bank statement as Credit balance.

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