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cash comes in the business
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Is cash a debit or credit account?
It is a debit from the company side it is always a debit and when you pay out cash it is a credit
Is a increase in cash a debit?
Cash has a debit balance as normal default balance so more debit means increase in cash while credit means decrease in cash.
What is the journal entry for a cash sell?
Debit Cash Credit Sales
Is an increase in cash a debit or credit?
debit
What is the journal entry for sold goods for cash?
Debit cash / bankCredit sales revenue
Does a debit iincreasse a cash account?
Cash account has a debit as a normal balance so debit increases the cash account and credit reduces the cash account which is reverse of debit balance.
Is cash is an debit or credit?
debit
Is cash a debit or credit account?
It is a debit from the company side it is always a debit and when you pay out cash it is a credit
Is a increase in cash a debit?
Cash has a debit balance as normal default balance so more debit means increase in cash while credit means decrease in cash.
What is the journal entry for a cash sell?
Debit Cash Credit Sales
Is cash in bank debit or credit?
Debit
Is an increase in cash a debit or credit?
debit
What is the journal entry for sold goods for cash?
Debit cash / bankCredit sales revenue
Is cash in the bank debit or credit?
Cash you have deposited into a bank is credit Money to be paid back later is debit
What is the journal entry for a cash purchase?
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
Is the entry to establish a petty cash account a debit to petty cash and credit to cash?
yes. the entry should be: petty cash fund debit cash in bank credit
Why is cash a credit in accounting?
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)
