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18-09-2020
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difference between debit the receiver and credit the giver

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inuola1234 inuola1234

18-09-2020

Answer:

Explanation:

When a payment is made to somebody, you debit the receiver of that payment and credit Cash or Bank as money is paid from cash or by means of cheque. When money or cheques are received, you credit the person who is paying you and you debit the cash or bank.

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