Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 40 - No. 49)
What type of entry is required in the cash book when cash is withdrawn from the bank for office use?
Debit cash, credit bank.
Debit bank, credit cash.
Debit cash, debit bank.
Credit cash, credit bank.
Explanation
Cash increases and is shown as debit, while bank decreases and is shown as credit.
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