Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 5 - No. 38)
If a business receives cash from a customer, what is the impact on the cash book?
Credit entry in the cash column.
Debit entry in the cash column.
Credit entry in the bank column.
Debit entry in the sales column.
Explanation
Receiving cash from a customer increases the cash in hand which is recorded with a debit in the cash column.
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