Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 38 - No. 5)
Which of the following would be recorded on the credit side of the bank column in a cash book?
A check received from a customer.
A payment made to a supplier via check.
Direct debit payment.
Cash sales made to the customer.
Explanation
Payments by check and direct debits are outflows of cash from the bank account and will be recorded on the credit side of the bank column.
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