Which term describes money deposited into an account?

• A. Deposit
• B. Balance
• C. Debit
• D. Credit

Answer: (D)

Adding money to an account is described by the term deposit. Deposits are what increase your account balance when you put funds in. A balance is simply the amount you currently have in the account. A debit refers to funds leaving the account or, in accounting terms, the left-side entry. A credit is a broader accounting term for an entry that can affect liabilities or income; in bank records, deposits show up as a credit to your account, but in everyday usage the action itself is called a deposit. So the term for money put into an account is deposit.