Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 18 - No. 5)
If a business receives a check from a customer, where is the increase initially recorded?
In the cash column of the cash book.
In the bank column of the cash book.
In the purchase journal.
In the sales journal.
Explanation
A check received increases the bank balance, and is recorded in the bank column of the cash book.
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