Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 33 - No. 4)
What type of entry does a business make when a bank deposit is made?
Credit to cash, debit to bank.
Debit to cash, credit to bank.
Debit to cash, debit to bank.
Credit to bank, credit to cash.
Explanation
Cash deposit decreases the cash in hand, while increasing the bank deposit.
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