Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 7 - No. 21)
If a business makes a cash payment, where should the related transaction be recorded?
The debit side of the cash book.
The credit side of the cash book.
The bank column of the cash book.
The general ledger.
Explanation
Cash payments are recorded on the credit side of the cash book, as cash is being reduced.
Comments (0)
