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On 6th Dec 2009, Billy Ray Ltd. paid an amount of $3,750 by cheque to D. Fields, a creditor. What is the debit/credit entry, and in which column?
Question 3Answer
a.
Credit $3,750, Cash column
a. Credit $3,750, Cash column
b.
Credit $3,750, Bank column
b. Credit $3,750, Bank column
c.
Debit $3,750, Cash column
c. Debit $3,750, Cash column
d.
Debit $3,750, Bank column
Answer & Explanation
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