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...

difference b/w debit and credit

Answer Posted / chandran

In Simple and easy words
Debit what you receive from the company for your service
provided
Credit what you have to pay to the company for service
purchased

Is This Answer Correct ?    12 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Explain the difference between internal audit and statutory audit?

1252


How to involve people in audit?

1122


purchase price of property purchased within last 3 years is to be relied upon not and not on revalued amount for the purpose of loan against properties.

2176


What do you mean by vouching?

1167


i need to pay around $90000 to Mr.R and the agreement clause says that any amount payable as tax are not included in the amount.So how much i need to deduct TDS...??

4003


1.tell me five points of check list of an audit. 2.what do you checking in statutory audit.five main points. 3.what do you checking in internal audit five main points. 4.which five major points checking according to caro.

3199


What is vouching?

1224


What is the difference between internal audit and statutory audit?

1255


Explain tangible assets?

1095


What are the different types of audits?

1066


what is the accounting treatment on Putoption over own shares.?

1544


What are the different advantages and disadvantages of internal audit?

1230


What is external audit?

1164


Whether Advance against property to be included in Loans & Advances while referring to section 185 & 186 of Companies Act, 2013?

1984


Explain how to do an internal audit effectively?

1083