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what is debit
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Answer / narender rawat
As per the Golden Rules of accounting Debit Mean:
In Real Account: Debit what comes in
In Personal Account: Debit the receiver
In Nominal Account: Debit the Expenses & Losses.
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / pravin v.jehurkar
Debit what comes in, debit the receiver, debit all
expenses and loses.rediffmail.com
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / anandkumar. c.d
Debit means expenses in P&L account and Assets in Balance
Sheet. Debit what comes in, debit the receiver, debit all
expenses and loses
| Is This Answer Correct ? | 4 Yes | 5 No |
Answer / kiran
AS PER DEBIT
RULES OF ACCOUNTING ( REAL ACCOUNT)
DEBIT IS RECEVER
NOMINAL ACCOUNT
DEBIT EXPENSESS AND LOSSES
| Is This Answer Correct ? | 3 Yes | 7 No |
if accountant miss the journal entry of outstanding expenses. since its is a error of omission it cannot affect the Trial Balance how we auditor find it out.
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