Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 24 - No. 38)
When a business uses its bank account to pay a supplier, how is this transaction recorded in the cash book?
Debit bank column.
Credit bank column.
Debit cash column.
Credit cash column.
Explanation
Paying a supplier from the bank reduces the bank balance, so it is credited.
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