Answer Posted / ahuja
Account is divided into two parts.Left hand side is known
as 'Debit side' and right hand side is known as 'credit
side'.Amounts entered on the debit side are called debits
and amounts on the credit side credits. To debit means 'to
make an entry on the left hand side of the account'and 'to
credit means ' to make an entry on the right hand side of
an account'. The words debit and credit have no other
meaning in accounting.
In finance dedit means to have debit balance of the other
party.It is like a borrowing from others.
| Is This Answer Correct ? | 8 Yes | 0 No |
Post New Answer View All Answers
Give us one reason for why should we select you?
Define Public Expenditure?
Differentiate between Devaluation and Depreciation of the currency?
Do Banks have reservation? If yes, what is the percentage?
What are the features of NABARD?
Can I Get A Credit Card After Bankruptcy?
Why bse has 30 index and NSE has 50 index. Why not BSE has 29 or 31 index and why not NSE has 49 or 51 index. why both has a exact 30 and 50 index.
What is recession? What is the cause for the present recession?
Electronics has given technologies to bank. What are they? Explain?
What Is Consumer Bank?
EXPLAIN THE TERMS OF ANY RECENT MERGER WHICH HAD TAKEN PLACE IN INDIA.
In which year indian banks association (iba) was formed and initially with how many members?
Tell the name of the rbi governor of india?
Explain the role of chief actuaries?
What is the situation of farmers in least developed countries?
