It is a debit from the company side it is always a debit and when you pay out cash it is a credit
Debit Cash Credit Sales
credit
Debit
debit
Cash you have deposited into a bank is credit Money to be paid back later is debit
Cash is "not" a credit in accounting. The cash account is an asset and is a debit balance account. To increase the cash account you debit the account and to decrease it you credit it.Cash = Current Asset = Debit Balance(GAAP)
[Debit] Cash [Credit] Donation
Debit Purchases Credit Cash
Debit Asset a/c if asset a/c is bought and credit Cash a/c OR if these are sundry supplies debit that head and credit cash acct
yes. the entry should be: petty cash fund debit cash in bank credit
Debit: Purchases Credit: Accounts Payable Debit: Cash Credit: Sales