Regulatory Reporting Introduction and Overview
The following day, the item will be debited to the customer’s demand deposit account. 49 General Ledger Example G/L DESCRIPTION OF ACCOUNT Section Assets Account name/#: Deferred Debits-DDArelated; 006-xxx Applicable to: Demand deposits in domestic offices Accounting Entries Debit: Deferred debits-DDA related 006-xxx Credit: Various accounts
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