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The Bank Will Show a Customer's Deposit on the Bank

Question 112

Multiple Choice

The bank will show a customer's deposit on the bank statement as a:


A) credit,because a deposit is a liability from the bank's point of view.
B) debit,because cash is an asset.
C) debit,because a deposit is a liability from the bank's point of view.
D) credit,because cash is an asset.

Correct Answer:

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