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April 2. Put RM11,000 of the cash into a bank account in the cash book, why does Cash goes to Bank in debit
" April 2. Put RM11,000 of the cash into a bank account " in the cash book, why does Cash goes to Bank in debit and why does Bank goes to cash in Credit. I thought both are assets so debit is money in and credit is money out? please explain for me to understand this easily. ocash Bank Date Details Date Details Bank Cash am 2018 2018 do 11000 Bank Apr 2 Apr 2 cash 11,000
" April 2. Put RM11,000 of the cash into a bank account "
in the cash book, why does Cash goes to Bank in debit and why does Bank goes to cash in Credit.
I thought both are assets so debit is money in and credit is money out?
please explain for me to understand this easily.
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