Interested to Buy Any Domain ? << Click Here >> for more details...
what is the debit and credit
- 9 Answers
- 18932 Views
- Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / bhanu prakash
when the transactions are shown in left hand side is called debit, by the same way transactions are shown in right hand side is called credit.
| Is This Answer Correct ? | 20 Yes | 7 No |
Answer / ravikrisna786
Debit means increase in assent or revenue and decrease in liabilities or expenses and on the other hand credit define the terms debit opposite.
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / anil kumar prajapati
In accounting transactions, we record numbers in two
accounts, where the debit column is on the left and the
credit column is on the right. A debit is an accounting entry
that either increases an asset or expense account, or
decreases a liability or equity account.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / deborah paul
DEBIT IS THE WHAT WE RECEIVE AND CREDIT WHAT WE GIVE.
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / tausif ahmed
Debit.. What comes in.
Credit.. What goes out.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / pitchaiah
Debit means receiving aspect
credit means giving aspect as per dual aspect concept
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rabindra
what comes in is Debit & what goes out is Credit
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / naveen kumar.karumuri
As per Accounting Standards
Dr.indicates the Expenditure
Cr.Indicates the Incomes as per our Accounting principles
is there any alternate plz share new post
Thanks
Naveen Kumar.Karumuri
Accounts Executive
| Is This Answer Correct ? | 0 Yes | 0 No |
What does an internal audit charter contain?
what is the accounting entry for fictitious asset
If my basic salary is Rs 15000/- Pf is deducted on capping of 6500/- ie 780/- per month. If I work for 20 days and then my basic salary comes to rs 10000/- which is still higher than minimum limit of Rs 6500/-.Please suggest PF deduction will be 780/- or lower based on 6500x20/30x12%
What's are difference between Capital Reserve & Reserve Capital ?
If we miss a entry at journal can we find it in latter stage or in audit how can be find it
why did u lost ur lost job?
1 Answers Genpact, MTS, XL Dynamics,
What is statutory audit?
How to do an internal audit effectively?
if a person is transferred to other place he has not prepared any report regarding AUDIT and someone else is joined in his place and IF AUDIT IS CONDUCTED WHO WILL BE RESPONSIBLE FOR PENDING PREPORT
What is the meaning of ADVANCE TAX, TDS Deducted and PREPAID Taxes ?
corporate frauds
Define vouching?
Audit 
