3 years ago

Difference between debit the receiver and credit the giver

Business

1 answer:

Vinil7 [7]3 years ago

6 0

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.

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