A deposit made by a company will appear on the bank statement as a
A) debit.
B) credit.
C) debit memorandum.
D) credit memorandum.

Name: A deposit made by a company will appear on the bank statement as a A) debit. B) credit. C) debit memorandum. D) credit memorandum.
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Question

Quizplus · Accepted Answer

A deposit made by a company will increase the balance in the bank account, which is a liability account. Liabilities have a credit balance. Therefore, the deposit will appear as a credit on the bank statement.

A Deposit Made by a Company Will Appear on the Bank