You can have any number of transactions in a savings account.

True

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False

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Solution

The correct option is B
False

Unlike current accounts, number of transactions in a savings account are fixed. There is a limit on how many times you can deposit or withdraw money from a savings bank account. So, the given statement is False.

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Q. State whether the following statement is 'True' or 'False':
In accounting, all business transactions are recorded as having dual aspect.

State true of false :

In Book - keeping & accountancy non- monetary transactions are also recorded.

Q. You have Rs. 1500 in your savings account at the beginning of the month.the record below shows all of your transactions during the month.How much money is in your account after these transactions?

Date	Withdrawal	Deposit
4/9/14	Rs 1200	Rs 2000
22/9/14	Rs. 2100	Rs.2500

Q. Fill in the blanks with suitable words.
The type of account where any number of transactions can be made with Bank is ________.

Question 118

You have Rs, 500 in your saving account at the beginning of the month. The record below, shows all of your transactions during the month. How much money is in your account after these transactions ?
$\begin{matrix} Cheque no. & Date & Transaction description & Payment & Deposit 384102 & 4 / 9 & Jal Board & Rs. 120 & Rs. 200 275146 & 12 / 9 & Deposit 384103 & 22 / 9 & LIC India & Rs. 240 & Rs. 150 801351 & 29 / 9 & Deposit \end{matrix}$
How much money is in your account after these transactions ?

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You can have any number of transactions in a savings account.

The correct option is B False Unlike current accounts, number of transactions in a savings account are fixed. There is a limit on how many times you can deposit or withdraw money from a savings bank account. So, the given statement is False.

The correct option is B
False

Unlike current accounts, number of transactions in a savings account are fixed. There is a limit on how many times you can deposit or withdraw money from a savings bank account. So, the given statement is False.