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Categories >> Accounting >> Accounting General
 
 


 

 
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 Accounting General interview questions  Accounting General Interview Questions (2810)
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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
 

 
 
 
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