Interested to Buy Any Domain ? << Click Here >> for more details...
What did you meant by Debit and Credit?
- 4 Answers
- 10457 Views
- Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / soumya prakash ganguly
A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. It is positioned to the left in an accounting entry. A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / shiva goud
debit means in accounting an entry recording a sum received, listed on right side of the account.
credit means an entry recording a sum owed, listed on left side of the account.
| Is This Answer Correct ? | 5 Yes | 1 No |
if u sale an asset for 10000, which has a book value of 8500. what will be the journal entry???
what is account payable
Tell me do you think accounting standards are mandatory and why?
Tell me what are things will not be included in bank reconciliation statement?
What is a accounts? and why have u prepare Accounts only one methods ?have a possible a different pattern?
What are all the MIS reports you prepare in your company for the management
Topic contra entry; How to post cash withdrawn from bank for office work? the journals to be passed?
what are the charecteristics of cost accounting financial accounting managment accounting payroll accounting environmental accounting h r accounting forensic accounting inflation accounting?
What is Provision Entry
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 is deffered tax liability / assets?
what diff. between laibilities and provision?
Audit 
