what is the debit and credit
- 9 Answers
- 16308 Views
- Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / bhanu prakash
when the transactions are shown in left hand side is called debit, by the same way transactions are shown in right hand side is called credit.
| Is This Answer Correct ? | 20 Yes | 7 No |
Answer / ravikrisna786
Debit means increase in assent or revenue and decrease in liabilities or expenses and on the other hand credit define the terms debit opposite.
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / anil kumar prajapati
In accounting transactions, we record numbers in two
accounts, where the debit column is on the left and the
credit column is on the right. A debit is an accounting entry
that either increases an asset or expense account, or
decreases a liability or equity account.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / deborah paul
DEBIT IS THE WHAT WE RECEIVE AND CREDIT WHAT WE GIVE.
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / tausif ahmed
Debit.. What comes in.
Credit.. What goes out.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / pitchaiah
Debit means receiving aspect
credit means giving aspect as per dual aspect concept
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rabindra
what comes in is Debit & what goes out is Credit
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / naveen kumar.karumuri
As per Accounting Standards
Dr.indicates the Expenditure
Cr.Indicates the Incomes as per our Accounting principles
is there any alternate plz share new post
Thanks
Naveen Kumar.Karumuri
Accounts Executive
| Is This Answer Correct ? | 0 Yes | 0 No |
WHAT IS IFRS? IS there any corelation between AS 30 and IFRS?
central excise all question
0 Answers TATA, Vijaya Aero Blocks,
What is difference between individuals & company? When deducting tds for them how we can compare them?
what is the abervation of tds
A Pvt Company take Unsecured Loan from Partnership Firm .What are the Auditor's reporting requirement under CARO U/S 227(4A)?
how would be affected the B/L and P/L purchasing OF BRAND NEW Motor vehicle
When should a company sack its auditor?
How I can evaluate the internal control audit?
What is your Strenth and waekness & why
1 Answers Aloha Technology, Deloitte,
whatis auditng
Does anyone work for the CA state as an Auditor? I am a new college graduate and I need some tips on what questions I will be asked during the interview for the Auditor 1 position. Can anyone help?
what is the difference between capital and revenue expenditure
Audit 
