Interested to Buy Any Domain ? << Click Here >> for more details...
What are the differences between debit and credit?
- 3 Answers
- 6598 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 |
when a customer buys a good. we have to debit bank and credit inventory equaly. but wouldnt selling a good make a profit?
A machinery item puchase form M/s. XYZ for the cost of Rs.2,00,000/- with freight charges Rs.20,000/- and installation charges Rs.10,000/- what is the journal entry
4 Answers Chartered Accountant, Sony,
What is difference between Cash Flow and fund flow
Entry for revenue item will be Expenses A/C Dr to Cash. But in the Profit and Loss account we will see the expenses with a pre fix of To Expenses Why?
Hi, in Vendor Master i put in defualt data material in purchasing group in sap. now i want to report or list only purchasing group wise vendor only like subcontractor vendor list only how to get this?
what is GA (general accounting).
I am a service man.I want to submit my income tax return by efilling.Anybody can help me to do the same with the information to submit the file?
who issues the accounting standards?
why companies put ltd and pvt ltd,what is the difference?
At the time of advance tds deducted 2% contract which was wrong but when we adjusting the adavace tds deducting 10% rent how can we adjusting that amount
What is standing order
informance about performance is disclosed by
Audit 
