Interested to Buy Any Domain ? << Click Here >> for more details...
a account has debit balence.what is the meaning?
- 15 Answers
- 44113 Views
- Genpact, HSBC, State Bank Of India SBI, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / rosey
If an account has a debit balance, its meaning will be
determined by the type of account. If it is a personal
account then it means that the person is a debtor,if a real
account has a debit balance,it means that it is an asset
and if a nominal account has a debit balance, then it means
that it is an expense or loss.
| Is This Answer Correct ? | 88 Yes | 3 No |
Answer / smita
an account has debit balance means generally it is an
asset.but in case of liabilities it means negative balance
| Is This Answer Correct ? | 56 Yes | 7 No |
Answer / rajesh
an account showing debit balance in the sense it is due to
the company that means it is receivable means asset
| Is This Answer Correct ? | 28 Yes | 7 No |
Answer / sreedevi
if an account has debit balance it may be advance to party
so current asset or payments made is debited so it may be
expenditure
| Is This Answer Correct ? | 14 Yes | 3 No |
Answer / hashim bim ali
if an account has debit balance it means it is an asset.
| Is This Answer Correct ? | 11 Yes | 7 No |
Answer / mahesh kumar m
If sundry debtors account is having debit balance means it
is excess received by debtors or amount received but invoice
not entered in debtors account. and if a sundry creditors
having debit balance it means we paid advance or payment
made bill was not entered.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / monu aggarwal (monu.1526@redif
Yes,the answer given by Rosey is correct.
The meaning of a debit balance of any a/c Depends on its
nature.
| Is This Answer Correct ? | 2 Yes | 2 No |
what is minut
What is POP?
what is Accrual ?
What is Goodwill? If it is treated as asset in Balancesheet then what is on its opposit side i.e. liability side.
10 Answers PCE, TCS,
Is Bank Reconciliation Statement is compulsory prepared? Even when both cash & Bank Book are tally?
13 Answers Alfa Textiles, Ascon, ETA, GE, IBM, Mphasis, OPI Global, Star,
what is open ended and close ended mutual funds?
what is current ratio and how it is calculated
if our balance sheet will not matching so what i do ?
2 Answers Hero Honda, Rachana Sansad,
Expand---------SBDC
Answered but misspelled pl correct YOU CANNOT FIND CLOSING BALANCES OF ___________ACCOUNTS IN THE NEXT YEAR BOOKS(ANS.EEERVNU)
Sold goods worth 425760 on credit to ABC Traders which is inclusive of 4% vat tax.Pass sales entry with Vat tax
what is finalisation of accounts.
5 Answers Bank Of America, BoA,
Audit 
