Answer / nagesh

Debit is benefit receiver and credit is benefit giver

Answer / nida

what comes in is treated debit and what goes out is treated
credit in accounting.for example
purchased furniture for cash, we record it
what comes in(furniture)dr and what goes out (cash)
cr furniture a/c dr
cash a/c cr

to write any account at the right side is credit and to
write any account at left side is called debit in accounting

Answer / babhu kanchupalli

In business....every financial transaction have two aspects...that what we called double entry system of accounting.in that two aspects one is "Debit" and another one is "Credit". here arise the doubt,that what is debit and what is credit.....i.e

1.Receiving aspect in a transaction is called Debit.

2.Giving aspect in a transaction is called as Credit.

Then we can apply the Golden rules of accounting for each transaction to record....based on that we came to know which aspect we have to give debit or credit in a transaction.

define depreciation?

8 Answers  

---

please tell me the reconciliation format in excel

1 Answers  

---

20. Between educational qualification and practical work experience, give us a brief explanation on your practical experience in your past Endeavour that you performed well to the satisfaction of your past or present employer?

1 Answers   Dodsal, Swil, Tesla,

---

pls state ledger group in tally ? 1. input vat 2.output vat 3.cenvat credit duty 4.excise duty payable 5.service tax input 6.output service tax 7. tds payable 8. tds receivable.

0 Answers   ABC,

---

WHAT IS B.R.S. ???

7 Answers  

---

Tell me different branches of accounting?

0 Answers  

---

wt do you understand by ledger

1 Answers  

---

Can Minority Interest be negative or equal to zero?

1 Answers   IBM,

---

How to calculate excise duty?

4 Answers   Capital IQ,

---

what is tds and how it is calculating

1 Answers  

---

What is general entries for Deffered Tax?

0 Answers   KSK Energy,

---

what is difference between single ledger & multiple ledger with solid example .beacuse i am slow learner .

1 Answers   Webel,

---