Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / m. maruthi
Debit and Credit both are accounting terminologies which is used to record the transactions of the business.
Debit is the receiving aspect and credit is the giving aspect. These are the two aspects which satisfies the dual aspect concept.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
what are the adjustments and treatment with connection to the profit and loss appropriation accounts and how they do?
what is cost unit n what is cost sheet?
what is profit and loss(dr) in cash flow statement?
Can anybody tell me the steps involved in Budgeting / Forecasting generally..?. Hints would be appreciated highly.
Explain miscellaneous expenditures & profit and loss account debit balance
What is an accounting loss?
Tell me do you think there is any difference between inactive and dormant accounts?
HOW TO FILL PURCHASE RETURNS IN VAT 200,IF NOT PURCHASES THE PERIOD?
how to calculate ESI,PF,PRO.TAX, INCOME TAX, VAT, T.D.S, EXCISE PLEASE SAY ANSWER IN DETAIL WITH PROPER UNDERSTANDING PLEASE SAY THROUGH WITH EXAMPLE
Sales tax waybill is required for how much value of invoice (for example we raise Rs.1000 bill is waybill required in andhra pradesh)
If closing stock is given in adjustments, how we show in tally 9.0 ?
WHY CST CHARGED BILLS ARE RETAIL INVOICES.IT CANT BE TAX INVOICE.
What is an Automatic Payment Program ?
i want to wearies heads under direct expenses and indirect expenses
Please help me with the accounts head for the below ledgers for e.g. for Salary A\c - Indirect Expenses is the account head in tally. what is the account head for below ledgers. Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary Payable A/c Dr. xxx To Cash / Bank A/c xxx
