what is the debit and credit

Answer Posted / pitchaiah

Debit means receiving aspect
credit means giving aspect as per dual aspect concept

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what are procedure we need to do at the time ACTO VISIT FOR AUDIT OF VAT .

1874


can external audit be seen as merely an overhead cost adding no value to the orgnisation

2827


Explain the difference between internal audit and statutory audit?

768


is replacement of DVD writer come under fixed assets. I think that it cannot increase earning capacity or it cannot any separate identity.please clarify me

1878


Audit strategy based

2115






Explain the difference between internal audit and external audit?

811


How will you calculate impairment of assets of a software company?what is the necessary steps briefly describe?

2109


how to prepare the internal audit sheet ? explain me with example. (take example of LOGISTICS& SUPPLYCHAIN MANGEMENT COMPANY)

3188


What is an internal audit and what is the role of internal audit?

777


What sort of image do you have?

1655


What is the mean of decommission liability?

831


1.tell me five points of check list of an audit. 2.what do you checking in statutory audit.five main points. 3.what do you checking in internal audit five main points. 4.which five major points checking according to caro.

2901


How to involve people in audit?

795


which type audit for your company account

1893


What is an audit process?

795