A company received $5,000 cash when it issued stock certificates to shareholders. the increase in cash would be recorded with a debit to the cash account.
What is a debit to cash account?
The meaning of the debit in accounting is the term that is used to refer to the accounting entry that tells us that there is an increase in asset or if there is a decrease in the liability that a company would have as it is seen on the balance sheet of the organization.
Hence we can say that: A company received $5,000 cash when it issued stock certificates to shareholders. the increase in cash would be recorded with a debit to the cash account.
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