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why we debit all expences?
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Answer / santy
As per accouting golden rule every expnses should be
debited that is reason why we debited all the expnses.
| Is This Answer Correct ? | 12 Yes | 1 No |
Answer / wyne
Expense has debit nature cause aginst it we pay cash or
make libility.
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / s subhalaxmi
Expenses are the charge against profit to know the correct
and fair profit, which the golden rules suggests.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / manoj s
According to the rules of accounts..IN case of nominal
account ..we debit all the expenses and have to transferred
to profit and loss a/c
| Is This Answer Correct ? | 0 Yes | 0 No |
Expand ------OMC
what is t.d.s ?
1) why rbi charges more interest rate in d form of repo while borrowing from commercial banks, and lends at a lower interest rate(reverse repo) to d commercial banks? 2) Do cooperative banks need to maintain policy rates with rbi? 3) why rbi does'nt pay any interest rate on CRR?
please send me last 3 years question & solution
0 Answers State Bank Of India SBI,
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