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

In 1840, the transcendentalist periodical The Dial Walden “Self-Reliance” “Nature” was founded, and in that same year it published “Orphic Sayings” by Ralph Wal
help. please explain and answer this question, thx :) (picture included)
What is one way that Congress has clarified the meaning of the Constitution?
What is Classicism?
What is the best definition of an economic system?
all of the following groups became threats to the Byzantine empire after death of justinian. which group presented the greatest danger? a) slaves b) bulgars c
Which food item is a rich source of protein? a. grains b. milk c. fruits
Imagine the federal government has a national debt of $10.2 trillion. Congress' budget for the coming year includes a spending projection of $4.2 billion. Tax r
In “Kubla Khan,” Coleridge uses alliteration to create ?
Estimate the sum of 21+17.