On 6th Dec 2009, Billy Ray Ltd. paid an amount of $3,750 by cheque to D. Fields, a creditor. What is the debit/credit entry, and in which column?

Question 3Answer

a.

Credit $3,750, Cash column

a. Credit $3,750, Cash column

b.

Credit $3,750, Bank column

b. Credit $3,750, Bank column

c.

Debit $3,750, Cash column

c. Debit $3,750, Cash column

d.

Debit $3,750, Bank column