Interested to Buy Any Domain ? << Click Here >> for more details...
What are the differences between debit and credit?
- 3 Answers
- 6410 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / mari muthu
Debit is receiving aspect. Credit is giving aspect.
| Is This Answer Correct ? | 13 Yes | 2 No |
Answer / ganesh chary
What are the differences between debit and credit?
ans Debit is receiving aspect. Credit is giving aspect.
| Is This Answer Correct ? | 4 Yes | 4 No |
Answer / abdulla koya
To debit means entering a transaction on the debit side of
an account and to credit means entering a transaction on
the credit side of an account.It may sound a vague
explanation of the terms, but it is confusing to assign any
other meaning to the terms.A simple rule for debiting and
crediting is:
Dedbit when there is an increase in assets or decease in
liability and
credit when there is an decease in asset or increase in
liability
Plese remember that any business transaction would result
in in any one the following situations:
1.Increase in an asset and decrease in another asset
2.Increase in a liability and decrease in another liability.
3.Increase in an asset and increase in a liability.
4.Decrease in an asset and decrease in a liability.
| Is This Answer Correct ? | 1 Yes | 1 No |
Rent paid out of your personal cash 3000 SAR
WHAT IS THE PORTFOLIO MANAGMENT SCHEMES ? ITS WHICH TYPES INCOME ?
What is meant by Accounting Cycle....
what are examples of marketable securities ? wat are marketable securities?
please advice example of any single journal entry which include all 3 accounts i.e personal, real & Nominal a/c.
explain me what steps would you take to increase revenue for this company?
What is Venture Capital ?
Dear Sir, I have bought a vehicle the show room price is Rs.921700, Registration Rs.60000 Parking Charges Rs.5000 Please let me suggest What is assets value?
what is the difference between debit card and credit card?
How we can transfer stock from our punjab firm to our chandigarh firm
Why discount on issue of debenture is shown as ficitious assest in Balance sheet ..? same why preliminary expenses ia also shown as ficitious assets in Balance sheet :?
3 Answers Accenture, Cap Gemini,
WHAT DOES MEAN BY RECONCILLATION EXCESS/SHORTAGE
Audit 
