When a company pays a bill, the account Cash will be (Debited or Credited)

Question added by Khaled Mohee Eldeen Abbas Mahmoud , Chartered Accountant # 10465 , Self-employed
Date Posted: 2014/06/14

Upvote (6) Views (31) Followers (11) Answers (7) Report Question

Write an Answer
Register now or log in to answer.

by Muhammad Fiaz , GROUP MANAGER ACCOUNTS, FINANCE AND TAX , SMPL Group of Companies

Credit

Upvote (4)

Downvote Reply () Report

by Muhammad Hassan khan , Assistant Collector , Khyber Pakhtunkhwa Revenue Authority

as this will reduce the asset i,e, cash so cash accout will be credited as it is a decrease in asset

Upvote (1)

Downvote Reply () Report

by BALAJI NADIMINTI , Accountant , SS AGRITECH

The account Cash will be “Credited”

Upvote (1)

Downvote Reply () Report

by Mubashir Shahzad , Oracle Functional Consultant/ERP Business Analyst , Jaffer Business System

credited.

Upvote (1)

Downvote Reply () Report

by SAHL HIJAZI , Purchasing Manager , BINZAFRAH GROUP

Of course Credited

Upvote (1)

Downvote Reply () Report

by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

Debited

Upvote (1)

Downvote Reply () Report

by Deleted user

Dr.

Upvote (0)

Downvote Reply () Report

Why do some companies pay a dividend, while other companies do not?
Top Answer: Its depends upon the company policy and net profit. Might be they have policy to retain as all amount as ... See More

Answers (8)
Is Accounting all about Debit/Credit?
Top Answer: Accounting include summarizing, reporting and decision making. But information is obtained through basic ... See More

Answers (13)
What is an Accounting definition of "Debit" & "Credit"?
Top Answer: In Double-Entry Accounting Systems Generally these types of accounts are increased with a debit: Dividen ... See More

Answers (5)
What is to term used to describe the recording of a transaction in the accounting records using debits and credits?
Top Answer: 3. An Entry ............................................................... is the term used for recordin ... See More

Answers (20)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.

Get Help