X deposited rupees 500 in bank account ____________.

Bank account will be credited

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Bank account will be debited

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Saving account will be debited

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All of the above

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Solution

The correct option is D Bank account will be debited
Bank is an asset and its Bank balance will increase. Therefore, Bank a/c will be debited.

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X deposited rupees 500 in bank account ____________.

The correct option is D Bank account will be debitedBank is an asset and its Bank balance will increase. Therefore, Bank a/c will be debited.

The correct option is D Bank account will be debited
Bank is an asset and its Bank balance will increase. Therefore, Bank a/c will be debited.