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

Accounting Tax Accounting Accounts Payable Cost Accounting Finance
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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
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Muhammad Fiaz
by Muhammad Fiaz , GROUP MANAGER ACCOUNTS, FINANCE AND TAX , SMPL Group of Companies

Credit

Muhammad Hassan khan
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

BALAJI NADIMINTI
by BALAJI NADIMINTI , Accountant , SS AGRITECH

The account Cash will be “Credited”

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

credited.

SAHL HIJAZI
by SAHL HIJAZI , Purchasing Manager , BINZAFRAH GROUP

Of course Credited

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

Debited

Deleted user
by Deleted user

Dr.

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