What is debit and credit?

Answer Posted / khalil

very simple

Dr. and Cr. are two aspects of accounting.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

WHEN WILL SBI DECLARE THE RESULTS OF INTERVIEWS OF CLERICAL CADRE HELD IN APRIL-MAY 2010?

1655


In a housing society accounting if a defaulter having dues consisting of principal amount and simple interest, pays a part amount whether the received amount should be adjusted first against the interest dues and accordingly reduce the balance principal dues or adjusted only against the principal amount, allowing outstanding simple interest to contineously increase/

1200


Explain me is any difference between inactive and dormant accounts?

625


While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated

1797


Hello Friends, I am Vinod Rawat & want some tips of interview question for the post of accountant in a reputed company Pls. Given Examples.

1564






shyam consigned 200000 unit @ rs 5/-each to mr ram and paid freight and insurance amounting to rs 100000.ram spent further following amount: 1) insurance rs 5000 2) godown rent rs 4000 3) clearing rs 6000 2000 unit were damages during transits due to heavy rains. Ram sold 100000 unit @rs 10 per unit . ram realisec solvage value of damage unit rs .2000 ram is get 5% commission on sale determine the abnormal loss?

1903


how to solve cashbook question

2868


What is the procedure of submit bank guarantees and cancellation.

2053


What does the abbreviation m mean in accounting?

658


what is basic general accounting.

1495


whether bills of exchnge can come under the category of reserves and surplus

1370


What is the difference between Open Items and Reconciling Items on a Balance Sheet Reconciliation?

8167


What is double-entry accounting? Explain with an example?

642


How to Automate requirment mapping in QC?

1513


Knowing what you know now, walk me through what you would do differently to drive even more success?

614