Banking
Notice Deposit (Call Money) Placed
Recording a large depositor placing funds in a notice account requiring 7-30 days notice for withdrawal.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Customer Current Account | Liability (-) | 500,000.00 | - |
| Notice Deposits (Liability) | Liability (+) | - | 500,000.00 |
💡 Accountant's Note
Notice deposits earn higher interest than demand accounts but require advance notice for withdrawal. They provide more predictable funding than current accounts for the bank's liquidity management.
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