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what is the meaning of debit and credit

Question Posted / radha

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what is the meaning of debit and credit..

Answer / radha

Debit means due for that. Benifit receiving aspect. It is
derived from Latin word "Debitum".

Credit means due to that. Benifit giving aspect. It is
derived from Latin word "Creder"

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what is the meaning of debit and credit..

Answer / m. maruthi

Debit and Credit both are accounting terminologies which is used to record the transactions of the business. 

Debit is the receiving aspect and credit is the giving aspect. These are the two aspects which satisfies the dual aspect concept. 

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what is the meaning of debit and credit..

Answer / m. maruthi

Debit and Credit both are accounting terminologies which is used to record the business transactions.

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what is the meaning of debit and credit..

Answer / maruthimuralidharan

Debit and Credit both are accounting terminologies which is used to record the transactions of the business.

Is This Answer Correct ?    0 Yes 0 No

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