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  • Tally

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    Abhishek
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    A bank considers deposits as liabilities on its balance sheet. When a customer deposits money in a bank, it increases the bank's liabilities. The deposit is recorded on the liability side of the bank's balance sheet.

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    A bank considers deposits as liabilities on its balance sheet. When a customer deposits money in a bank, it increases the bank's liabilities. The deposit is recorded on the liability side of the bank's balance sheet.

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    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
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    8 views1 page

    Tally

    Uploaded by

    Abhishek
    A bank considers deposits as liabilities on its balance sheet. When a customer deposits money in a bank, it increases the bank's liabilities. The deposit is recorded on the liability side of the bank's balance sheet.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    In a bank, if someone is deposisint the money then it is a liability for the ban

    k.
    Hence, the deposit is in the liabiloty side of the balance sheet

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