Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


why sales amount comes in Credit Side in Trial Balance ?.
Please give me Explanation

Why Purchase amount comes in Debit side in Trial Balance ?.
Please give me explanation.



why sales amount comes in Credit Side in Trial Balance ?. Please give me Explanation Why Purcha..

Answer / vasudevan

purchase made expenses so the rule applicable for debit the expenses so we can debit

sales made income so the applicable for credit the income so we can credit.

if any suggestion pls contact at my id vasudevanm.com@rediffmail.com

Is This Answer Correct ?    5 Yes 3 No

Post New Answer

More Accounting General Interview Questions

Give an accounting treatment for Investment made worth 100 today,after 6months its value is 60.

2 Answers   Cognizant,


what will be the entry for recivables at 31 st march and if they are paid after 1 month then what is the entry

2 Answers   TCS,


What is the cost of goods sold?

4 Answers  


Contra asset accounts have credit balance and are an offset to a related asset account ? true or false .

3 Answers  


private placement

3 Answers   Capital IQ,


Detail your responsibilities in accounts receivable

0 Answers  


what is cash on account?

1 Answers   DuPont, Genpact,


Can you differentiate public and private accounting?

0 Answers  


Name three (3) fixed-income security data points, which are different from those provided for equity securities

2 Answers   Shore Infotech,


What is the Meaning of Current ratio?

3 Answers  


As an importer of goods through letter of credit, (payment is done through indian bank to foreign back), my question is who is liable to pay with holding tax when the payment is remitted to foreign bank, whether the buyer(importer) or the seller and why?

0 Answers  


When we are doing the reconciliation process in cash management please tell me what are the different status will happen and when will it happen. Please help me out.

0 Answers   Cap Gemini,


Categories