Interested to Buy Any Domain ? << Click Here >> for more details...
What is debit and credit?
- 8 Answers
- 9905 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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.
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / shameel ahmed.c
Debit is a incoming aspect of business transactions.
Credit is a outgoing aspect of business transactions.
| Is This Answer Correct ? | 2 Yes | 1 No |
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.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / khalil
very simple
Dr. and Cr. are two aspects of accounting.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mahammedrafi b
Debit - what comes in
Credit - what goes out
Without these transaction no business/banking/commercial transaction
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / meenakshirani
what comes in debit and what goes out are credit.
| Is This Answer Correct ? | 3 Yes | 7 No |
what do you mean byrecoupment of shortworkings in royalty accounts
WHAT IS DEPRICIATION?
what is the difference between cheque dishounerd and cheque bounced?
What is the closing entry?
why bank interest comes in indirect exp. in accounting method? what it is the TDS?
HOW CAN I IMPORT OF DATA FROM TALLYERP9 VERSION WHAT WANT I WRITE "IMPORT FILE NAME (XML)" PLS ANYBODY CAN HELP ME
in terms of accounting the trial balance when is it taken?
what is TDS..? and Entry for TDS..?
correction of sundry creotors
suppose we received goods from H.O.The sisterconcern received it.wat will be the entries if tge S.C.sells it from here.
What is field status variant in SAP FI Module?
WHAT ARE THE DIFFICULT ELEMENT OFF JOB
Audit 
