Hi
Bank accounts are normally created as an asset account only.
The net balance of current assets(this is the group in which the bank accounts form part in a finincial statement) will be arrived at.
If it is an overdraft or a loan account you may create it as an liability account
Hari
See Also
Financial Instrument - Definition & Advantages of Financial Instrument | What is Financial Instrument?Banking instrument Definition | Law InsiderAre Insurance Companies and Pension Funds Considered Financial Instruments?Financial and non financial assets and liabilities in 2021 − The national accounts in 2021