Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 41 - No. 6)
When recording payments received by cheque or bank transfer, where are they recorded?
Debit side of the cash book
Credit side of the cash book
Debit side of the bank column
Credit side of the bank column
Explanation
Payments received by cheque or bank transfer are recorded on the credit side of the bank column.
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