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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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3 years ago

Consider the following statements about the step-down method of service department cost allocation: I. Under the step-down metho

WINSTONCH [101]

Answer:

The correct statements under the step-down method are:

a. I, II, and III.

Explanation:

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3 years ago

TB MC Qu. 3-209 Chavez Corporation reported the ... Chavez Corporation reported the following data for the month of July: Invent

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Answer:

The cost of goods manufactured for July is $ 232,000

Explanation:

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3 years ago

It is estimated that the average cost of an outbound telemarketing sales calls on a business customer is about __________, versu

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Answer:

Around $35

Explanation:

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Bamba Corporation's cost formula for its selling and administrative expense is $47,900 per month plus $52 per unit. For the mont

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I think it is D
Hope my answer help you

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3 years ago

Difference between debit the receiver and credit the giver ​

Difference between debit the receiver and credit the giver