Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 44 - No. 35)
If a business receives cash from a customer, where does it go in the cash book?
Credit in the cash column.
Debit in the bank column.
Debit in the cash column.
Credit in the bank column.
Explanation
Cash received results in an increase in cash, which is recorded on the debit side.
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