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Categories >> Accounting >> Accounting General


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what is Debit?
 Question Submitted By :: Accounting-General
I also faced this Question!!     Answer Posted By  
# 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
# 2
Debit means an expence. 
Is This Answer Correct ?    0 Yes 1 No
# 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
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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
For more Accounting General Interview Questions Click Here 

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