Explain "debit what comes in credit what goes out"
- 6 Answers
- 40957 Views
- I also Faced
- E-Mail Answers
Answer Posted / sk
it is one of basi accounting priniciples. if we purchase
anything for cash.
the goods are coming inside and cash is going outside.
goods purchases a/c dr.
to cash a/c
| Is This Answer Correct ? | 156 Yes | 19 No |
Post New Answer View All Answers
Expand MNS
why gross profit transfering to profit & loss account
Expand SOIT
What Is Depreciation, and from which date do we charge Depreciation for an asset ?
Dear sir i had been called for ntpc interview and gd next month..please guide me for it!
Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
plz send me hsbs finance questions asked in the interview ans appitude also
can payorder be issued for outstation?if yes then how?should it be account payee?
please explain the uses of internate protocol address(ip add)?
difference betwwen the 4.6 & 4.7 ecc versions
which are the basic princeples of accountancy... with examples
You have joined company yesterday then you are Appling B1 visa today. why so urgent.
Short Answer on ______________Import Trade
What are Home Equity Loans ?
Workers name-Madhu Saha.Pay structure,basic-5850,HRA-1350,CCA-900,TRAV.ALLOW.900.DEDUCTION-PF-702.ESI-150,P.TAX-90.WHAT IS THE EXTRACT IN PF,ESI,IN BALANCE SHEET & sALARY IN p/l A/C . iS IT POSSIBLE THAT PERSONS'S NAME SHOUL COME I P/L
