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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 (2833)
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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 TDS..? and Entry for TDS..? Genpact 7
what type of acounts is share application account KPSC-Karnataka-Public-Service-Corporation 4
we had company we provide work others they deducted tds how to pass entries in my company please tell me   1
what is tds and how it is calculating   1
what is the difference between profit and revenue?   5
what is the job profile for Account Manager.   1
what is the balance sheet? And also tell me about the finanacial statement? HCL 4
what is monthly final accounts and analysis   1
What is the Meaning of E.& O.E ?   4
what is the diffrent between form-c and form 16   3
for giving the salary in terms of cash to an employee for what minimum amount revenue stamp is reqired to paste the vouceher? up to what limited revenue stamp is required?   1
salaries due for the month of march will be recorded in   5
 
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