Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 32 - No. 46)
What is the correct accounting entry for paying for advertising costs?
Debit Advertising Expense, Credit Bank
Debit Bank, Credit Advertising Expense
Debit Advertising Expense, Credit Cash
Debit Cash, Credit Advertising Expense
Explanation
The expense increases the debit side, and the bank balance will decrease in the credit side.
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