Answer / neha

Debit & Credit depends upon the criteria of principal

Debit is what comes in, all expenses & losses & the last
debit the receiver.

Credit is what goes out, all incomes & gains & the giver

Answer / akhilesh kumar

Debit & Credit depends upon criteria of principal

1- debit is the receiver & credit is the giver
example. syham goods sold to ram ,
ram is a receiver dr
shyam is a giver cr
2- what come in debit & what goes out credit.
example. goods purchase for cash
purchase of goods (debit)come in
cash ( credit)goes out

3- all expenses & losses are debit & all income &gain are
credit.

Answer / deepak

Debit and credit are two fundamental elements of accounting
which represents both sides of each business transaction in
an organization

Answer / binu abraham

in fact there is a simple way.
debit is the one who recives,
and credit is the one who gives.

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