what is meant by debit and credit

Answer Posted / guest

What comes in, The Receiver All expenses & Losses

Credit means, What goes out, the giver, all incomes and
revenues

Is This Answer Correct ?    33 Yes 7 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

to attend interview for real estate company accounts

1555


what is difference between venture capital financing and equity financing?

1510


when assessing the credit proposal of a prospective borrower if he gets internal rating below the hurdle rate what will you suggest as a banker

1676


Deposited Rs 25000 in Canara Bank of ABC co towards dealership deposit thru our SBH Bank Pass necessary entry

1755


The cost equation y= $0 + $1.60x represents which type of cost? Variable, Fixed, or Mixed

1736






wat is the fundamental analysys& technical analasys?and wat is the difference bewween fundamental analysys&technical analasys?

1589


how to make a project accounting in tally erp9 ?

6283


Prepare a trading account, profit and loss Account and Balance sheet form the following trail balance and other adjustments as on 31.12.2009 Adjustments: 1. Closing stock R 7060 2. Allow interest on capital at 6% p.a 3. Insurance prepaid Rs 60 4. Depreciate Building and furniture at 10% p.a. 5. Wages due Rs 40 6. Provide 10% RBD and 5% on debtors and creditors 4. From

1986


Sensitive field have been defined and customized for vendor master data. For which of the following sensitive fields will an update trigger dual control?(any 1 answer) Currency Account group IBAN VENDOR ACCOUNT NUMBER

1749


Up to what time we can show TDS Receivables under Advance Income Tax A/c?

1553


EXPAND___________NAC

1610


plz tell me the finance questions asked in hsbc latest question asked in hsbc?

1533


differnce between the 4.7 & 6.0 versions?

1659


Since minority interest is balance sheet item, and got brought foward figure, how to disclose brought forward figure in consolidation work sheet instead of we make adjustment on current year to show their share in subsidiary.

1546


Distinguish capital and Revenue receipts

1760