Interested to Buy Any Domain ? << Click Here >> for more details...
why debit is called debit.& why debit is on left side,why
not on right side ?
- 3 Answers
- 10241 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / 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 |
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.
| Is This Answer Correct ? | 1 Yes | 0 No |
What is deffered tax liability / assets?
Credit purchase entry
I have recieved a payment from hmrc on Friday morning and by the afternoon it was removed from my bank account by contra entry what does this mean? Will I recieve the money?
Account for letter of credit in the books?
Explain me what is important to effective market analysis?
AFTER MY QUALIFICATION WHAT IS THE UNIQUE THING ABOUT ME THAT COMPANIES EXPECT?
which form is used for central sales tax outside purchase and sales and vat
how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry
sir, some body tell me how i treat the abnormal fire loss stock :-our company suffer a fire loss during goods in transit (goods were hold at warehouse and fire occured) now how i account for the loss and what type of ledger should i create and under which group
who is invented to accounting
what is tribal area allowance means
0 Answers Chartered Accountant,
What is the difference between Retained earning and Net Profit?
Audit 
