0
A Bank will report a cash deposit under the following circumstances:
a. If the amount deposited is huge (Usually over $5000 or more)
b. If the funds are deposited from an overseas bank account
c. Numerous deposits of small value (less than $5000) are happening frequently
Add your answer:
Earn +20 pts
What is the journal entry for cash deposit for Fixed deposit in bank?
debit bank accountcredit cash / bank
Can you told me the Meaning of cash deposit?
A cash deposit is when you take actual cash (dollars and coins) to the bank and deposit them.
What is cash deposit ratio?
Cash deposit ration is the amount of money a bank has available for a customer to withdraw. This is a certain percentage of the total money paid into the bank.
What is a cash drop?
when a business takes money out of their cash register to deposit it in the bank or put it in their safe.
What is an outstanding deposit?
an outstanding deposit means cash received by the company and recored in their general ledger, but bank has not yet credited the bank account
What is the journal entry for cash deposit for Fixed deposit in bank?
debit bank accountcredit cash / bank
Can you told me the Meaning of cash deposit?
A cash deposit is when you take actual cash (dollars and coins) to the bank and deposit them.
What is the general journal entry for cash deposit?
Cash deposit to bank has contra entry as follows: [Debit] Bank account [Credit] Cash account
What is a bank CD?
A CD refers to a Certificate of Deposit. It is a certificate given to you by a bank for depositing cash with them. They would pay you an interest for having the deposit with them.
What is the cash reserve ratio in India?
Cash Reserve Ratio or CRR in India is the amount of money that every bank has to deposit with the RBI per customer. Every time a customer deposits cash to the bank, the bank has to correspondingly deposit a portion of that cash to the RBI. RBI decides this percentage of money that each bank has to deposit with it.
What is cash reserve ratio or CRR?
Cash Reserve Ratio or CRR in India is the amount of money that every bank has to deposit with the RBI per customer. Every time a customer deposits cash to the bank, the bank has to correspondingly deposit a portion of that cash to the RBI. RBI decides this percentage of money that each bank has to deposit with it.
What is cash deposit ratio?
Cash deposit ration is the amount of money a bank has available for a customer to withdraw. This is a certain percentage of the total money paid into the bank.
I am a pakistani i have a lot of cash money now what bank account should i have to deposit money?
If you have a lot of cash, you will need to deposit the money in a bank in the town you live.
Can I get a cash loan in the bank?
A bank institution will never hand out a loan in cash money. The bank will almost always make a deposit to your bank account, from which you can then withdraw cash.
How much cash can you deposit in a bank?
25000 thousand
What is the max deposit of cash in a bank?
Any amount
Can someone deposit your paycheck into their bank account to cash it for you?
No
