Interested to Buy Any Domain ? << Click Here >> for more details...
Let me know why we debit expenses and credit revenues
- 3 Answers
- 5371 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 |
EXPAND_________SCB
What is discounting accounting and why depriciation of assets are mention in dicounting accounting?
why we use the term profit and loss account instead of profit or loss account
what is a reconcilation statement
Expand ________DGFT
what is the difference between take over and aquisation?
expand P P Division
general rule for personal account
EXPAND______________RTI
Dear Sir/Madam, Executive Trainee...Finance I had been called for NTPC Group discussion and GD please guide me for getting success in GD and interview...
WHAT IS INDIREDT EXPENSES
Expand ________GOPI
Audit 
