Answer / jyothi

An amount of money borrowed and owed by one party to another

Answer / ahuja

Account is divided into two parts.Left hand side is known
as 'Debit side' and right hand side is known as 'credit
side'.Amounts entered on the debit side are called debits
and amounts on the credit side credits. To debit means 'to
make an entry on the left hand side of the account'and 'to
credit means ' to make an entry on the right hand side of
an account'. The words debit and credit have no other
meaning in accounting.
In finance dedit means to have debit balance of the other
party.It is like a borrowing from others.

Answer / hrishi

Debit means
1 the assets which comes in
2 the espenses incurred
3 the receiver

Answer / vandana gupta

An accounting entry which results in either an increase in
assets or a decrease in liabilities on a company's balance
sheet or in your bank account.

Answer / guest

An expense, or money paid out from an account. A debit
transaction is one which the net cost is greater than the
net sale proceeds. See also Credit.

Answer / ramakrishna

According to the accounting terminology the term debit
tells about the receivig aspect of the transaction.

Answer / murali krishna katakam

debit means receiving aspect , that means there is inflow
of benifit to the organization/entity ,simply we can say
debit means "positive" ie "+"

Answer / j.s.vinuram

Debit means debt, withdrawal, loans borrowed.

Answer / anuj

When a business transaction is made between two person or
between companies, then to whom the goods or services are
supplied is called the debtors. And this is called debit.

Answer / babanagoud

record of a sum of money owed or spent

what should be the recommendation of taxation in private company?

0 Answers  

What are the advantages of 'debit card'?

0 Answers  

What is the formula to calculate enterprise value?

0 Answers  

hi i'm Praveen Kumar, i'm selected for sbi 2010 exam. what are the types of questions in sbi? wher can i read online or is there any book which you would prefer. my number: +91 9962365897 thanks in advance

0 Answers   State Bank Of India SBI,

what is differnce between monetary policy and fiscal policy

2 Answers   Allahabad Bank,

Tell the location of Asia`s largest solar park.

0 Answers   SEBI,

State the difference between Sales Tax and VAT.

0 Answers   IBPS, State Bank Of India SBI,

How will be you differentiate between a manager and a leader?

0 Answers   IBPS, RBI,

Explain the importance of capitalization?

0 Answers  

What are shares? What are nominal value/ free value of shares?

0 Answers  

What is return on shareholder s funds? What does it show?

0 Answers  

What Should I Do If I Discover That I Forgot To List A Creditor In The Bankruptcy Schedules?

0 Answers