What is debit and credit?

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Question Posted / meenakshirani

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What is debit and credit?..

Answer / monu aggarwal b.com accountant

Hi,Minakshi! when we purchase some materials or get some
money from other party,then we make credit to that
particular party's a/c

& when we send materials or give money to other party,then
we make debit to that particular party's a/c.

debit = We will go to get some money

Credit = we will go to give some money.

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5 Yes

2 No

What is debit and credit?..

Answer / shameel ahmed.c

Debit is a incoming aspect of business transactions.
Credit is a outgoing aspect of business transactions.

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1 No

What is debit and credit?..

Answer / kiran kumar .r 9700473904

here the question is what debit is and what credit is? not
priciple.....

Debit is receiving benefit
Credit is giving or outgoing benefit.

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What is debit and credit?..

Answer / khalil

very simple

Dr. and Cr. are two aspects of accounting.

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What is debit and credit?..

Answer / mahammedrafi b

Debit - what comes in
Credit - what goes out

Without these transaction no business/banking/commercial transaction

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What is debit and credit?..

Answer / c.shameel ahmed

Debit was comes in
Credit was goes out

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1 No

What is debit and credit?..

Answer / ashabul

All income are debit And all spend are credit

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1 Yes

4 No

What is debit and credit?..

Answer / meenakshirani

what comes in debit and what goes out are credit.

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3 Yes

7 No

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