Concepts Of Debit,Credit,Double Entry Accounting and
Matching
- 1 Answers
- 3010 Views
- I also Faced
- E-Mail Answers
Answer Posted / jitu
if we record something on left side of any account is
called debiting and if on right side of any account is
called crediting in double entry book keeping every
transaction is having tro effect one is debit and another
is credit so it is called double entry accounting. matching
means to match we are matching our expenses with our income
and because of that we gets loss or profit.
| Is This Answer Correct ? | 1 Yes | 2 No |
Post New Answer View All Answers
Under the accrual basis of accounting, when revenues are reported in the accounting period?
Tell me different branches of accounting?
What is the meaning of scrap value in accounting?
IF SALES BILL PREPARED BY CHARGING CST 4 WHEN THERE IS CST 4 TO BE CHARGED. BUT NOT 2010-2011 CST IS 2%. NOW WE HAVE TO PREPARED CREDIT NOTE AGAINST THAT BILLS WHICH CHARGED CST4 AT THAT TIME. THEN I HAVE TO ASK THAT HOW TO MAKE CREDIT NOTE NOW I.E 2010-2011 BY CHARGING 4% OR 2% ?
Cheque rs 1400 received from Charles in settlement of a debit of rs 1500 returned dishonored
Why you want to change???
suppose we received goods from H.O.The sisterconcern received it.wat will be the entries if tge S.C.sells it from here.
What is the Technology used to carry out trades? Pls Tell me as early as possible.
1. Why do wish to study in canada in the program for which you have been accepted? 2. What is your overall education goal? 3. Why are you pursuing a similar program in your country of residence/citizenship? 4. What research have you done into studies in your country of residence/citizenship? 5. How will this program enchance your employment opportunities in your country of residence? please send me all possible answer i hope your answer will help me a lot...
Where do we show "Dividend paid in FFS ,either in FFO or in FFS? what is teh concept behind?
Define executive accounting?
Tell me what is ledger?
Kindly define necessary ledger is to maintain in excise. Kindly define how we maintain P.L.A
Do you know the term account payable?
Define depreciation and its types?
