Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 29 - No. 13)
In a cash book, what does a debit entry in the bank column indicate?
A decrease in the bank balance.
An increase in the bank balance.
A decrease in the cash balance.
An increase in the cash balance.
Explanation
A debit in the bank column signifies an increase in the company's bank account balance.
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