For each of the following transactions, state whether Cash in Bank is debited, credited, or not changed:
Question:
For each of the following transactions, state whether Cash in Bank is debited, credited, or not changed:
(a) The business paid cash for a desk;
(b) The business bought a computer on account;
(c) A customer paid an outstanding invoice.
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I am Upasana, Chartered Accountant by profession and also gradated with degree of B.Com(Hons.) from Delhi university. I have developed an understanding with Accounting and Finance related subjects during these course preparation. Passionate to teach and would like to solve doubts of students related to these subjects through my skills.
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