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What is another name for deposit? Credit Debit demand Memo
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2 votes
What is another name for deposit?

Credit
Debit
demand
Memo

User Min Min
by
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1 Answer

3 votes

Answer:

Debit

Step-by-step explanation:

Depositing money increases the bank balances in one's account. It is an increase in a person's assets. It is similar to debits. A debit entry increases assets. From an account holders' point of view, to deposit will be the same as to debit the account.

User Brett Pontarelli
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