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when we debit any party in our account?
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Answer / komal bhardwaj
when we sell or provide any goods or service to our customer
or client.
| Is This Answer Correct ? | 18 Yes | 6 No |
When business sells/provides goods or services for cash,
Cash A/c has to be debited because cash is coming in. Rule
of Real A/c : Debit what comes in.
When business occurs expenses/losses, it has to be debited.
Rule of Nominal A/c : Debit all expenses & losses.
When business sells/provides goods or services on credit,
the person/firm has to be debited as the person/firm is
receiving goods or services, so the the person/firm is
receiver. Rule of Personal A/c : Debit the receiver.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / idrees ahmad
when we provide any service to our customer or client.
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / n harini
When we provide any services to customer if any transaction
palace
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / deepak choudhary
as per the golden rules of accounting -personal account specifically states that debit is the receiver $ credit is the given which means if we sell any commodity or our services to any person then that person will be debited in our accounts as a receiver of that services...$ that person or party can also be termed as our "debtor"
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / priya
As per the accounting rule debit the receiver credit the giver so we receive goods n services from party then we gives dr. to the party a/c.
| Is This Answer Correct ? | 0 Yes | 2 No |
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