what is cash in hand ? debit or credit
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Answer:
payment for goods and services in cash rather than by cheque or other means, typically as a way of avoiding the payment of tax on the amount earned.
Explanation:
For example, if you debit a cash account, then this means that the amount of cash on hand increases. However, if you debit an accounts payable account, this means that the amount of accounts payable liability decreases. ... Asset accounts. A debit increases the balance and a credit decreases the balance.
Answered by
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Answer:
the left hand side is called debit the right hand side is called credit hence today bit an account main to enter finger on the left hand side of the account and on credit and account Mintu under figure on the right-hand side of the account.
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