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...

what is debit and credit in accounting

Answer Posted / nagesh

Debit is benefit receiver and credit is benefit giver

Is This Answer Correct ?    2 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is your greatest achievement and why?

947


Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.

2427


what is turn over? what is vat? what should ido to become a expert in acount? plese ans me

2171


What is "deposit in transit"?

1208


Tell About ur self what will i say plz help me

2425


what is the right process for input credit of Service tax. and on which service i can take credit.

1768


what is the difference between profit center area and business are.? please make me clear.

2414


What is an operative accounts?

1001


whether sale and purhases of cf agent are his and he is liablte to pay VAT on sale of goods and pay the tax to govt collected by him one more being receiving commission of saleproceed during the year whose stock would be it it is of c f agent or principal manufctrurer who has send the goods to sold on his behalf

1805


What is accounting normalization?

1025


what is apply SI post

2009


What is the entry for closing stock value reduction?

2490


Is the shadow balance present in bank account always credited or bank may reverse it as well?

1011


Define balancing in accounting?

908


have you ever been involved in an invoice dispute? How did you manage the problem?

1071