Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


Why assets and expenses debited

Answers were Sorted based on User's Feedback



Why assets and expenses debited..

Answer / neha

Its depend upon the golden rules of account. They are:-

1) Personal Account: "Debit the Receiver,Credit the Giver".

2) Real Account: "Debit what comes in, Credit what goes
out".

3) Nominal Account: "Debit all expenses & losses, Credit
all incomes & gains".

Hope u'll get ur answer.

Is This Answer Correct ?    10 Yes 3 No

Why assets and expenses debited..

Answer / saddam hussain

Assets and Expenses are debited because the normal balance
of assets and expenses are debit.so when they are increased
then debit and when decreased then credit.

Is This Answer Correct ?    4 Yes 0 No

Why assets and expenses debited..

Answer / faheem khan

when expenses r made owner's equity reduces and income is occured owner' sequity increases

Is This Answer Correct ?    1 Yes 0 No

Why assets and expenses debited..

Answer / anil yadav

Assets and expences debitd
All expences in debited.
Assets expences so shown in debitd

Is This Answer Correct ?    3 Yes 3 No

Why assets and expenses debited..

Answer / rich kofi

expenses are debited because they reduce bank or cash balances.

Is This Answer Correct ?    0 Yes 2 No

Post New Answer

More Accounting AllOther Interview Questions

what the course to be necessary after Graduation for professionl Accountant

1 Answers   Axon,


what is bank reconsillation statement?

5 Answers   Brac Bank, Ventile, WNS,


I customized the tax procedures, after posting normal g&l (f-02), i got an error, error is complete lineitem display, its popup error message num, how can i find the message error, whats the t-code

0 Answers  


Expand B O I

1 Answers  


WHY LOSS IN BUSINESS IS SHOWN IN ASSETS SIDE OF BALANCE SHEET? WHY EXCISE DUTY IS DEDUCTED FROM THE GROSS SALES TO ARRIVE NET SALES? WHY SALES TAX IS NOT DEDUCTED FROM SALES TO ARRIVE NET SALES?

0 Answers   Samsung,


in payroll what are the key elements for calculation of pf,esi,it?

1 Answers  


Financial Management vs Management accounting?

1 Answers  


Hi all I got one cheq from Airtel an amount of 20,000/- Tds is 1000/- what is JV and Dep entry in tally

4 Answers  


what happens to each of the three primary financial statements when capital expenditures decrease?

0 Answers   TCS,


What is a General Ledger Balance? How can it be arrieved at?

2 Answers   RBI,


Expand--------SRTA

0 Answers  


last date of tds deposit yearly,tds proforma challan

0 Answers  


Categories