what is debit

Answer Posted / ashwin

debit is an accounting force showing the arrival of an
asset, presence of expenditure or sheer existance of an
already purchased asset in the firm. a total of debits
always equals the total credit in double entry system

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is the difference between capital budgeting and working capital management?

4176


What is debt to GDP ratio of a country?

661


Speak on FIFA World Cup for a minute>

651


What is the deportment of RBI monetary policy?

648


reasons for popularity of consumer credit in india

1372






Name the CM and Governors of all states.

641


What do you know about Mid- day meal scheme launched by the Indian government?

665


What are the objectives of slr?

681


I would want to know detailed information on derivatives Could please help me

1694


How can a company invite public deposits through advertisements? What are the details required to be included in the advertisements?

664


Define repo rate?

675


How Is The Capital Conservation Buffer Accounted For In The 2016 Srep?

665


Explain Dr.Hanry markowitz's portfolio selection model. And What are the strengths and weaknesses of Markowitz approach?

4727


Tell us about your qualification and subjects you studied?

634


Define E- Commerce?

670