Fred is confused.He has just deposited $100 in his savings account and the cashier said: "Your account will be credited with $100." Fred knows that depositing the cash in his account has increased his assets and therefore his savings account should be debited, so why is the bank crediting his account?

Question

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The Answer of Fred is confused.He has just deposited $100 in his savings account and the cashier said: "Your account will be credited with $100." Fred knows that depositing the cash in his account has increased his assets and therefore his savings account should be debited, so why is the bank crediting his account?

Fred Is Confused