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...

1) What is mean by debit, credit
2) what is mean by purchase, sales

Answer Posted / nayeem

This is the basic accounting procdure to follow

put in the left column, say: Debit
put in the right column, say: Credit.


2 Purchase the acquisition of something for payment.
Sale the exchange of goods for an agreed sum of money

Is This Answer Correct ?    0 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

I HAVE TO APPEAR IN A INTERVIEW FOR THE POST OF SENIOR ASSISTANT-FINANCE , PLEASE SUGGEST ME WHAT TYPE OF QUESTIONS THEY SHOULD ASK ME .

2361


Where is the market (for bonds/equities/FX) going?

1155


Do Banks have reservation? If yes, what is the percentage?

1035


Can you tell about PPF Account?

1110


What are FDI (Foreign direct investment) and FII (Foreign institutional investors) and what is the difference in these?

1065


When Extra Shares Applications Are Refunded, What Entry Will Be Passed?

1225


What is the effect of business cycles on the economy?

1104


Can I Erase My Student Loans By Filing Bankruptcy?

1007


Name Different Kinds of Debentures According to Redemption Point of View?

1089


What are the basic documents a person requires to open an account

1070


Why did Banks get nationalised?

1040


What bases bank will giving secured loans to sme clients?

2450


What is the difference between wealth, cash & money?

1044


Comment on Jan Dhan Yojna Scheme.

1099


What are the problems in CIBIL updation? How will you convince your angry customer whose name is default list even after repayment of complete loan?

983