Question
When a cheque is drawn to pay a deposit for rent, that means that our bank account (an asset account) is decreased. Is it correct
When a cheque is drawn to pay a deposit for rent, that means that our bank account (an asset account) is decreased. Is it correct to say that the deposit is also an asset account that will be increased?
Any input will be very appreciated! Thanks!
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Statistics The Exploration & Analysis Of Data
Authors: Roxy Peck, Jay L. Devore
7th Edition
0840058012, 978-0840058010
