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Categories >> Accounting >> Accounting General
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
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 Accounting General interview questions  Accounting General Interview Questions (2844)
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Question
what is Debit?
 Question Submitted By :: Accounting-General
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Debit means writing an entry on the left-hand side of an account.The word debit is comes from the Latin word 'Debere'.That is why it is abreviated as 'Dr'.As per accounting rule expenses and asset will have debit balance. 
Is This Answer Correct ?    4 Yes 0 No
Libin Kulamuttom
 
Answer
# 2
Debit means an expence. 
Is This Answer Correct ?    0 Yes 1 No
Prasad
 
 
 
Answer
# 3
Debit is basically the liabilities that are expenced by the
organisation.E.g:-Salary,Wages,Bad Debt,Bonus Intrest on
Loan etc.
 
Is This Answer Correct ?    1 Yes 4 No
Nishant Kumar
 

 
 
 
Other Accounting General Interview Questions
 
  Question Asked @ Answers
 
what is accountin statndards Reddy-Labs 1
What will be the Journal Entry for this? Purchases goods from vendor worth Rs.20000.VAT included 4%. Ernst-Young 25
what is the entry to be made for vat when any purchase is made in that bill vat amount is included ?   2
deperication of manufacturing department in manufacturing overhead is a direct expence or indirect expence?explain with reason   1
what is bank reconsilation statement?and hw it will be calculating   2
What will be the journal entry for the following - 1)Goods purchased from Mohan for Rs 5000 2)Goods purchased from Mohan on credit Rs 3000 3)Salary paid to Mohan 4)A sum of Rs 120 is realized on the sale of old furniture   8
how do you calculate depreciation on land? HP 3
Who is Sundry Debtor and who is the sundry creditor ?   8
what is the effect of surplus in p&l account? or what is its significance   1
How to calculate sundry creditors in Tally ERP   2
how to calculate PF how to calculate esi   1
what is balance of trade   1
 
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