why all the people prepared balance sheet like liabilities
and assets ? why not we prepared like assets and liabilities
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Answer / shilpa solanke
DEBIT SIDE WE ALWAYS RECORDED EXOENSES & CREDIT SIDE INCOME
THEN HOW WE CHANGE PLACE TO DEBIT SIDE ASSETS & CREDIT SIDE
SIDE LIABILITIES.CAUSE ASSETS IS A INCOME & LIABILITIES
EXPENSES OR CAPITAL
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / arbind kumar pandey
It can be written. If we write debit in place of credit and credit in place of debit the result will be same but we write accounting in the earlier form because it is accepted conception.
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