Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 29 - No. 7)
Which of these actions would result in a credit entry in the cash column?
Receiving cash from a customer.
Withdrawing cash from the bank.
Paying wages in cash.
Depositing cash into the bank.
Explanation
Paying wages in cash would reduce the cash balance, a decrease in cash is recorded as a credit.
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