What is the correct answer?


Cash payments are recorded on the _______________ of the Cash Book.

A. Debit side

B. Credit side

C. Both sides

D. Any one side

Correct Answer :

B. Credit side

Related Questions

Mr.Customer purchased goods from Mr.Seller on credit. This is a/an Bank Reconciliation statement is prepared to arrive at the Bank Balance. Capital of the business is an example of external liability. An expense incurred to keep the machine in working condition is a capital… The life span of a company is dependent on the life span of the Cash payments are recorded on the _______________ of the Cash Book. The cost of a machine is Rs.5,70,000. Its scrap value is Rs.25,000 and… An expenditure intended to benefit the current period is revenue expenditure. Deferred Revenue Expenditure is current year's revenue expenditure to… In Double Entry System of Book Keeping, the total of Debit balances may… HUF stands for All indirect expenses are charged against WIP stands for Which of the following events is not a transaction? Any type of error affects the agreement of Trial Balance. All credit sales are recorded in Business ventures, which are started for a predefined period, are known… Which of the following equation(s) is(are) true Copyright is an example of All events are transactions but all transactions are not events. Providing depreciation ensures sufficient cash for asset replacement. Choose the odd one out Expenditure, which result in acquisition of permanent assets, is a capital… The short description of a transaction written at the end of a journal… The aggregate of direct material, direct labour and direct expenses is… Fixed Assets are stated in the balance sheet at their market value. Trial Balance is prepared after the preparation of Profit and Loss Account. Cash is an example of According to the Concept of Conservatism, an accountant should The basic unit of measurement of the accounting system is ______________.