Banking
Certificate of Deposit (CD) Issued
The bank issues a negotiable Certificate of Deposit to a large institutional investor.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Bank Settlement Account | Asset (+) | 500,000.00 | - |
| Certificates of Deposit Issued | Liability (+) | - | 500,000.00 |
💡 Accountant's Note
CDs are wholesale deposit instruments issued to institutional investors at a fixed rate for a fixed term. They are classified separately from retail deposits on the balance sheet.
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