If cash is received from debtors then accounts receivable will be credited otherwise to whom it is received will be credited.
Commission received is credited and cash is debited
The Cash account will be credited.
It is your checking account , but it is debited, not credited.
1. Cash is debited because business cash is increased and capital is credited because it is the liability of the business towards its owner to return back at the time of dissolution of business.
If cash is received from debtors then accounts receivable will be credited otherwise to whom it is received will be credited.
Commission received is credited and cash is debited
The Cash account will be credited.
It is your checking account , but it is debited, not credited.
1. Cash is debited because business cash is increased and capital is credited because it is the liability of the business towards its owner to return back at the time of dissolution of business.
if cash is under valued then debit the cash with amount while if cash is overvalued the cash will be credited to reduce the balance.
you have to use math in acounting for alot of things . like you have to know how to add and subtract and alot more
acounting history
[Debit] Furniture [Credit] Cash / bank
Tobacco
accounts payable
[Debit] cash 2600 Credit sales 2600 Deposited to bank Debit Bank 2600 Credit Cash 2600