Basic Accounting Knowledge: Bank Deposits

1. This subject accounts for all kinds of money deposited in banks or other financial institutions by enterprises.

Bank draft deposit, bank cashier deposit, credit card deposit, letter of credit margin deposit, deposit investment,

Two, enterprises increase bank deposits, borrow this subject, credit "cash in cash", "accounts receivable" and other subjects; reduce bank deposits to do the opposite accounting entries.

Three, enterprises can set up "bank savings journal" according to the opening bank and other financial institutions, deposit types, etc., according to the payment voucher, according to the order of business.

Four. The debit balance at the end of the subject reflects all kinds of money that an enterprise has in a bank or other financial institution.