Answer Posted / aryadipta

increase in asset is debit
decrease in asset is credit
increase in Liabilities is crebit
decrease in Liabilities is dedit
All expenses & losses are debits
All incomes 7 profits are credits

Is This Answer Correct ?    0 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Expand--------TAO

1593


Expand-------ANCS

1573


How can we calculate the total income of the company.

1524


Truck # 3 has a list price of 16000. It is acquired in exchange for a computer system that company A caries in its inventory. The computer system cost 12000 and is normally sold by company A for 15200. Pass the journal for the same.

1625


what are the type of cash flows?

2289






how many types of practice accounts?

1553


Dear Sir/Madam, Executive Trainee...Finance I had been called for NTPC Group discussion and GD please guide me for getting success in GD and interview...

1962


what is exercise duty how to calculate that and how to update in tally

1759


How do you handle lack of direction or working in chaos

1585


What do you think you do well?

14190


what is pre post expenses

3951


How to maintain Purchase Orders ? Please explain by proper format.

1804


---------is the main or principle book of accounts

1391


Explain about Fixed capital

1591


define accounting,scope of account , types of account ?

3083