what is meant by debit and credit
- 22 Answers
- 39339 Views
- DELL, i Tech, IBM, Wipro, I also Faced
- E-Mail Answers
Answer Posted / madhusudan chauhan
debit word origin from the debt it maens that u r making
any company or person in debt.
if u are giving money to any person in this condition he is
debtors ex. you paid 100 rs to 'b' so b is debit in your
books
and credit means any company gives the money just like 'a'
gives u money so a credit in the books
give money to 'a'= a dr.
come money from 'a'= a cr.
that's a simple funda
| Is This Answer Correct ? | 6 Yes | 3 No |
Post New Answer View All Answers
Short Answer on _______Appropriation
what is monetary polasy and how it is different from trade polacy? how it will impact on stockmarkets in India?
I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thanks, KK
What do you mean by Adjustment
discounted our own note 60-18% for 4,500 note. the proceeds will be directly credited to bank account. what is the entry of this?
WHAT IS THE DIFFERENCE BETWEEN COST CONTRL & COST REDUCTION
Received credit note for Rs 3500 towards transport charges on the goods supplied from Vinod traders. The transport charges were already paid at the time of delivery. Pass entries at the time of payment of transport and for credit note
4. Calculate the following from the particulars given below: i) Material Cost Variance ii) Material Price Variance iii) Material Usage Variance iv) Material Mix Variance v) Material Yield Variance Material Standard Actual Qty kgs. Price Rs Value Rs. Qty kgs. Price Rs Value Rs A 50 4 200 40 5 200 B 30 6 180 30 6 180 C 20 3 60 30 3 90 100 440 100 470 Loss 20 ----- 30 ----- 80 440 70 470
Rs. 23.50 ( Rupes twenty three & paise fifty only) what is euro Conversion?
Why not we must to created Provision & Reserve? And if we're not to recognized what the effect will be?
How good are you at Finance?
How many types we are received funds in business purpose
what is organic profit? and how it is calculated?
what is pre settlements and post settlements in Derivatives?
What is the Accounts Payable & Accounts Receivable ?
