Purchase of office equipment for cash will be recorded on which side of a cash book?
A. Receipts
B. Payments
C. Incomes
D. Expenditures
Answer: Option B
Solution(By Examveda Team)
Purchase of office equipment for cash will be recorded on Payments side of a cash book. All transactions in the cash book have two sides: debit and credit. All cash receipts are recorded on the left-hand side, and all cash payments are recorded by date on the right-hand side.This Question Belongs to Commerce >> Accounting
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