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Mention whether the account “Cash” will be credited or debited, when a company pays a bill?

Mention whether the account “Cash” will be credited or debited, when a company pays a bill?

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Question added by Samiullah Jadoon , Senior Accountant , Pak Dream Private Limited
Date Posted: 2016/11/04
Anil Lalwani
by Anil Lalwani , Chief Accountant , Al Ahli Hospital

Thanks for inviting:

Cash will be credited.

The rule of real account applies

Dr. what comes in

Cr. What goes out.

 

 

Frank Mwansa
by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER

Cash account will be credited 

Wilfredo Quito
by Wilfredo Quito , Accounting Manager , DDC LAND INC.

Thanks for your invitation; Cash account will be credited when pay your supplier and cash account will be debited when you received collection from your clients/customers.

 

Abdullatif Mohamed
by Abdullatif Mohamed , Senior Accountant , Olaat Development

it will be 

credit

asset increase become debit

asset decrease become credit

 

Soliman Abd  ALmalak Gendy
by Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

--when we get money in ,it's debit, so when we pay it's credit

Alfred Jr. Santamaria
by Alfred Jr. Santamaria , State Auditor , Commission on Audit

Debit Bill Expense Credit Cash

Samiullah Jadoon
by Samiullah Jadoon , Senior Accountant , Pak Dream Private Limited

The account “Cash” will be credited when a company pays a bill.

Saifullah Saifi
by Saifullah Saifi , Accountant , United Brothers Trader

Cash will be credited in payment entry through cash

Ahmed Mostafa
by Ahmed Mostafa , Manager, Forensics , KPMG ME

As the cash balance will decrease So the cash will credit

Kavya G
by Kavya G , Tax Associate , KPMG

The journal entry for the question is

Expense a/c Dr

To Cash a/c

 

Cash is credited

manseer muhammed ali
by manseer muhammed ali , Accountant General , Royal Lighting L.L.C & Royal Furnishing LLC

when a company pays a bill Cash account will be credited.

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