Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / monu aggarwal b.com accountant
Hi,Minakshi! when we purchase some materials or get some
money from other party,then we make credit to that
particular party's a/c
& when we send materials or give money to other party,then
we make debit to that particular party's a/c.
debit = We will go to get some money
Credit = we will go to give some money.
| Is This Answer Correct ? | 5 Yes | 2 No |
Post New Answer View All Answers
what is the meaning of banking
what is journal entries for Vehicle loan settled with bank after Sale of the vehicle on profit or loss in case the party paid check direct to Bank .......???
what is general accounting
How to calculate ESI Please define what include in basic salary and what should be excluded from basic salary
What is an over accrual?
Contrast bookkeeping and accounting
What is mutual fund what is derivatives what is capital market what is TDS.breifly
What is the double entry system explain its rules with examples?
What are time sheets?
what is the entry for toll gate fee
What is short term solvency ratio?
Pls let me know Job profile for Account Manager.
Can anybody tell me the steps involved in Budgeting / Forecasting generally..?. Hints would be appreciated highly.
In which book we can learn in detail of closing stock valuation. And if any site is available kindly help.
How Advances to suppliers for purchase of raw materials is to be considered while calculating Drawing Power
