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You have the following transactions post to your account on the same day: your paycheck deposit, a check you wrote for your rent, and a debit transaction for groceries. Which would be processed FIRST?

Respuesta :

Expenses are rent check and groceries debit transaction.

Income is paycheck deposit.

Your paycheck deposit, must be deposited first  because without any credit, or cash in your bank account further transactions cannot be processed.

Expenses are debited.

Income is credited.

Without any income expenses cannot be incurred.

A check for rent can only be processed if there is sufficient amount of cash or credit in your bank account.

Similarly debit transactions for groceries cannot be processed if there is no money  or credit in the bank account.

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