Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 26 - No. 33)
Which of the following is an example of a transaction that would result in a debit entry to the cash account?
The owner invests cash in the business.
The owner withdraws cash for personal use.
A customer pays their account.
The business pays its rent.
Explanation
Cash is increased by a debit when cash is received.
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