Answer / s

because its a accounting rules, nothing els.

Answer / madhavi.p

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

Answer / akshay lddha

These terms have been derived from Latin Word Deberie And Credere Which means Giving and Taking respectively that is why we use Debit and credit in accounting and it is on left side because of significance of old accounting method of Bahi khata in which whenever we give some amount to any person it was written at left side.

How to calculate ESI pls give with example? and Professional tax give with example brother?

3 Answers  

---

what is cash flow statement and fund fund flow statement

2 Answers  

---

what is the defination of capital income?

8 Answers   Genpact,

---

What are the following types of accounts falls under in Accountancy? Can you please classify the following whether they are nominal ,real or personal account ? 1)sales tax account 2)Debtors account/Creditors account 3)Bank Overdraft account 4)Bills Payable Account/Bills receivable Account 5)Stationery Account 6)Purchase account 7)Loan Account

2 Answers   Infosys,

---

Called-up capital ?

3 Answers  

---

---

What is the difference between an Invoice and a Proforma Invoice?

1 Answers  

---

meaning of capital

2 Answers  

---

while preparing final accounts of a service rendering shop,then where do the purchases and sales come as closing stock is not there

1 Answers  

---

Tell me in balance sheet, where do you show tds?

0 Answers  

---

Sir I am taking the Salary Rs 18000/- the shown to me in Pay Roll Basis but not deduct any PF. Plz told me tha is the company liable to deduct my PF?

5 Answers  

---

What is the Difference Between P & L A/C and Income and Expenditure A/C ?

3 Answers  

---

What is finalization

3 Answers  

---