Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 11 - No. 3)
When you receive income, what happens to the cash account?
The cash account will be credited.
The cash account will be debited.
The cash account will be unaffected.
It depends on the type of income.
Explanation
When you receive income, cash increases, thus debiting the cash account.
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