Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 8 - No. 42)
What effect does cash withdrawn from the bank have on the cash book?
It increases the cash in hand and decreases the cash at the bank
It increases the cash at the bank and decreases the cash in hand
It increases cash in hand and cash at the bank
It decreases cash in hand and cash at the bank
Explanation
Cash withdrawn increases cash in hand (debit) and decreases cash at the bank (credit).
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