Answer / nagesh

Debit is benefit receiver and credit is benefit giver

Answer / nida

what comes in is treated debit and what goes out is treated
credit in accounting.for example
purchased furniture for cash, we record it
what comes in(furniture)dr and what goes out (cash)
cr furniture a/c dr
cash a/c cr

to write any account at the right side is credit and to
write any account at left side is called debit in accounting

Answer / babhu kanchupalli

In business....every financial transaction have two aspects...that what we called double entry system of accounting.in that two aspects one is "Debit" and another one is "Credit". here arise the doubt,that what is debit and what is credit.....i.e

1.Receiving aspect in a transaction is called Debit.

2.Giving aspect in a transaction is called as Credit.

Then we can apply the Golden rules of accounting for each transaction to record....based on that we came to know which aspect we have to give debit or credit in a transaction.

what are journal entry of vat in sale transaction with example.

1 Answers  

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I m entering much more than 500-700 sales vouchers per month. But I m getting a problem while entering sale voucher is that If I have entered a sale voucher in the middle of a date then the voucher no is being changed. So how can enter a sale voucher in the middle of a date so that i can adjust the voucher nos from changing.

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what is addition of Opening Balance and net profit transfered from profit and loss account called?

1 Answers  

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what effect closing balance and there effected ?

3 Answers  

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Name three (3) fixed-income security data points, which are different from those provided for equity securities

2 Answers   Shore Infotech,

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In accounting, are assets a permanent account?

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How can you define departmental accounting?

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dear i want basic a\C's oriented question. these are asking in mostly all mnc companies

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what is the Cash purchase limit.

2 Answers   Max India,

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what about the manapuram fm

1 Answers   manappuram,

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what do you mean by derivative ?

4 Answers  

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What is accounting transaction?

0 Answers  

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