Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 36 - No. 44)
When recording the sale of goods for cash, what impact does this transaction have on the cash book?
Debit the cash column.
Debit the bank column.
Credit the bank column.
Credit the cash column.
Explanation
When cash is received, the cash balance increases, therefore debit the cash column.
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