Purchase of office equipment for cash will be recorded on which side of a cash book?
A
Receipts
B
Payments
C
Incomes
D
Expenditures
Correct Answer: Payments
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.