Basic Accounting 2 Test One
Q1 of 15

You work as an accounts assistant for a sole trader business.
Indicate on which side of the cash book – debit or credit – the following receipts and payments should be entered.

		Debit	Credit
settlement of a supplier's account by BACS
increase in capital of the business by the owner
bank charges
topping up of the petty cash float
settlement of a customer's account by BACS
VAT due to HM Revenue & Customs
employee wages by BACS
employee wages by cash