DR- Debit
CR- Credit
Debit & Credit both are effects of a transaction. Every
transaction has two effect.
It is based on Neowton's low of gravity.
The word debit derived from latin word Debito & the word
Credit derived from the latin word Credito.
In each transaction DR = CR.
Father of accounts LUCA DE PACIOLI an italian mathematician
preached the same rule.
Raman site engineer joined on 1-1-2009 in the company with
an agreed salary of Rs 20000/-. On the joining date he was
given advance of Rs 50000/-agreeing for adeduction of Rs
7500/- for month from salary. Pass salary entry till
March,and let me know the advance balance as on 1st April
sir,
for exa.one salary for month rs.28000/- goss but he has no
pf and esi and pt deduct but he will pay only rent
rs.8200/- per month and insurance 16500/- so now i deduct
from his salary tds