why debit is called debit.& why debit is on left side,why
not on right side ?

Answer Posted / madhavi.p

DEBIT IS SOMETHING WE HAVE GIVE/RETURN, I.E., ACCOUNTS
PROCEDURE AND RULE CANNOT BE CHANGED

Is This Answer Correct ?    9 Yes 8 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Sir i want to ask that if the salary above 6500/- than also pf deduct.

1417


Tell me how much statistics knowledge is necessary or required in accounting?

3538


What is the fictitious assets?

643


Entry Tax is Central Income or State Income. Which Challan this tax deposited ? In Sale Tax Return which column is shown this tax

1440


What are source documents in accounting?

634






I'am accountant working in a trading concern. I wish to become an accountant in a manufacturing/construction company.are there any books available in the market from which I can get an Idea as to how accounts are prepared and maintained for a manufacturing/construction company.

1638


Explain the term account payable?

600


what is lease accounting?? please explain me....

1813


what is current rate of excies duty for a manufacturing company?

1611


purchase return liability or asset?should it be included in the balanced sheet?

1059


What we have to post entry for payroll processing ? (Indian payroll)

2131


Please give me as example of service tax & Vat Posting through Tally.

1687


If a prospective client kept presenting you with excuses not to buy, what would you do?

741


Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?

975


input vat, wht use in wct

1649