Question

5.

A bank statement shows transactions of -$10.40 and $8.50.
A. Do these transactions represent deposits or withdrawals?
Plz help

Answer 1

Hint :- Withdrawal is denoted as the -ve sign and deposit are denoted by the +ve sign. This is because if we deposit money then the money increase and if we withdraw then the money decreases.

-10.40

See there is a negative sign. This means it is a withdrawal

8.50

See there is a positive sign. This means it is a deposit

Answer 2

A negative value is when money is taken out ( withdrawal). A positive value is when money is added to the account(deposit)

-10.40 is a withdrawal

8.50 is a deposit