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There is any new golden rule added with remain three?
Why bank credited our all deposited?

Answers were Sorted based on User's Feedback



There is any new golden rule added with remain three? Why bank credited our all deposited?..

Answer / anamika

because of accounting rule
DR.WHAT COMES IN, CR WHAT GOES OUT.
BANK HAVE TO PAY US OUR DEPOSIT MONEY IN OUR BANK A/C.
IT IS A PAYMENT FOR BANK,THAT S WHY BANK CREDITED OUR ALL
DEPOSITED.

Is This Answer Correct ?    6 Yes 0 No

There is any new golden rule added with remain three? Why bank credited our all deposited?..

Answer / piyush

there is no other golden rule except those three.

when bank reciev deposit from party bank pass the given
entry.

Cash A/c Dr.
To Party A/c.

that is why bank credit the party.

Is This Answer Correct ?    3 Yes 1 No

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