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what does debit and credit mean in accounting and what is
its underlying concept and its treatment.
in the cash book dr means receipt nad credit means payment?
is it correct?
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Answer Posted / dinesh(dj_mbagrad@yahoo.com)
I am not satistfied with the above answers... because it
all depends on the accounts nature according to which a
debit/credit becomes a receipt or a payment...
| Is This Answer Correct ? | 7 Yes | 3 No |
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