Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 35 - No. 3)
If a business pays by direct debit, in which column of the cash book is the transaction recorded?
Cash column (debit).
Cash column (credit).
Bank column (debit).
Bank column (credit).
Explanation
Direct debits represent cash outflows from the bank account, and are thus recorded in the credit side of the bank column.
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