Interested to Buy Any Domain ? << Click Here >> for more details...
a account has debit balence.what is the meaning?
- 15 Answers
- 43638 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 |
EXPAND___________NGO
Invoice for Rs 492650/- is inclusive of 14.5% VAT. Pl calculate Basic Rate for the material.
What is TDS
Expand---------DCAB
What is provision and reserve and how u treat in account
13 Answers Accenture, ASD Lab, Capital IQ, Ramky,
what are the types of leasing and their accounting entries?
Expand ________BCD
expand ERP
Received goods from Mani in response to the order placed with him. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
what is the service tax ?
WHAT IS VOSTRO Account?
If its is declared by auditor that business is not going concern that what journal entry will be pass?
Audit 
