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what is debit

Answers were Sorted based on User's Feedback



what is debit..

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

what is debit..

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

what is debit..

Answer / dhaval patel

Debit is Expense or Assets

Is This Answer Correct ?    4 Yes 3 No

what is debit..

Answer / surya

DEBIT MEANS THE RECEIVING BENEFIT
CREDIT MEANS THE GIVING BENIFIT

Is This Answer Correct ?    2 Yes 1 No

what is debit..

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

what is debit..

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

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