what is meant by debit and credit

Answer Posted / ramu

Debit means simply we can say that left hand side part of an account is debit where as credit is right hand side part of an account

Is This Answer Correct ?    3 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What do mean by Computerization of accounts

2117


How and by whom the Percentage of Depreciation is fixing?

1960


what is the nature of bill receivable and consignmenta/c

1991


Hello... i am looking jobs in investment banking, derivates and BRS and i apply nakuri,Timesjobs and monster. But i did not get the job. so if websites and ID. Please help me.. Thanking u...

1740


what is futures and options?

1662






how to mention last year profit of ay private limited company in current year balance sheet ?

819


We have a registered dealer under APVAT Act. Our company is manufacturing & marketing of seeds. seeds exempted under vat. recently we have purchased machinery for our new plant construction, against c form. now sales tax dept.not giving the c forms, because our final product is exempted, we are not eligible for c forms. kindly clarify.

2016


Should I have perfect credit score, that is, above 800 credit score?

1376


we can add the no. of increase in shares due to exercise of options,convertible debentures,warrants etc.Why diluted eps is calculated separately?

1568


Expand-------NSAC

1482


Q A project cost Rs.6,00,000. It yields annually a profit of Rs.80,000. After depreciation of 12.5% p.a.but before tax of 50%.Calculate payback priod.

1916


why do think you are best candicate for this post.

1861


What is mean by Reserve on Consolidation?

27017


How goodwill is accounted for the first time in a company .

1584


what is the process of excise duty?

2036