Interested to Buy Any Domain ? << Click Here >> for more details...
Let me know why we debit expenses and credit revenues
- 3 Answers
- 5550 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / goutam de
BECAUSE WE FOLLOW THE 3RD BASIC PRINCIPLES OF ACCOUNTING BY
DEBITING ALL EXPENSES AND LOSSES & CREDITING INCOMES &
GAINS
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / sindujaramkumar
according to the rule of nominal account
Debit all expenses and losses
credit all incomes and gains
we are debiting the expenses and cediting incomes
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / hemanta behera(maxnewyork life
it is only used nominal account
because we are used all expenses under this rules
debit all expenses and losess
credit all incomes and gains
it is consists monthle expenses
| Is This Answer Correct ? | 1 Yes | 0 No |
let me know the minimum Accounting Heads in an accounting system
Hi, I am preparing for Junior Accounts Officers test- APTRANSCO. Can any one suggest the model paper / Books available? john kadapa
What type of report and accounts should a company prepare?
expand D I N
while i creating a main asset master there is a error called process being terminated? pls send the solution
what is difference between cash and profit?, and why netprofit comes under capital account?
3 Answers ITC Infotech, Rolls Royce,
If income and expense both are equal then what it depicts
Expand-------BANT
Salary to the employee comes under expense or liabilty to the co? how?
Who would NOT be considered "independent" in the context of an independent examiner?
what is fraud check?
what is the difference between hirepurchase and lease?
Audit 
