ebenrevelation
ebenrevelation ebenrevelation
  • 18-09-2020
  • Business
contestada

difference between debit the receiver and credit the giver ​

Respuesta :

inuola1234
inuola1234 inuola1234
  • 18-09-2020

Answer:

Explanation:

When a payment is made to somebody, you debit the receiver of that payment and credit Cash or Bank as money is paid from cash or by means of cheque. When money or cheques are received, you credit the person who is paying you and you debit the cash or bank.

Answer Link

Otras preguntas

What is Hawthornes attitude about the puritans
Public words issued by an official that explain a law or command
Which of the following are true statements about the msuryan Empire under ashokas rule
Which of the following was NOT one of the devastating effects the Spanish had on the native communities?A.Many natives died from European diseases.B.Many native
What is the weighted average cost of capital and it's purpose?
how many times a day should you use salicylic on your face?
After a recent study showed significant benefits to the use of public transportation, government officials have hired your consulting firm to increase its use.
what might cause your stomach pH to become more acidic than normal
Fiona's Fashion Store is world renowned for its buttoned uniforms. A collection of 36 shirts and 42 jackets contains 842 buttons. A collection of 6 shirts and 7
I’m part four of gullivers travels, Swift alters the format of the novel. What is the change in format and how are the two formats similar