_____ are a system used to entrust accumulated money for safekeeping in a bank.
A) Bank deposits
B) Gross receipts
C) Guest checks
D) Expenditures

Question

Quizplus · Accepted Answer

Bank deposits are sums of money that are entrusted to a bank or financial institution for safekeeping. This can include savings accounts, checking accounts, and other types of deposit accounts. Gross receipts refer to the total sales revenue received by a business before deducting any expenses or taxes. Guest checks are written or printed slips of paper used in restaurants to keep track of a customer's orders and charges. Expenditures refer to the money spent by a person or organization on goods or services.

_____ Are a System Used to Entrust Accumulated Money for Safekeeping