Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 2 - No. 42)
In accordance with the following accounts, which of the following statement is correct?
A cash account is credited when cash is received.
A cash account is debited when cash is received.
Article accounts are recorded by check or bank transfer in J.3, J.4.
None of the above.
Explanation
A cash account is debited when cash is received.
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