Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 48 - No. 18)
If a business pays for goods in cash, where will this transaction be recorded?
Debit side of the bank column.
Credit side of the cash column.
Debit side of the cash column.
Credit side of the bank column.
Explanation
Cash payments for goods are recorded in the cash column on the credit side, decreasing the cash balance.
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