Interested to Buy Any Domain ? << Click Here >> for more details...
what is the debit and credit
- 9 Answers
- 18875 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 |
hi friend i have selected in ssc cgle as accountant in audit department. can anyone tell about the work of accountant in audit department?
What is an internal audit and what is the role of internal audit?
What are reasons for giving credit note and sales return to customers?
Does we need to make Registration Of Company(ROC) at every state? If we does nt make registration at every state,what will happen? Does we need to pay more tax without ROC at every state?
1)how will you check the expenses?
tax audit object & rules
1 Answers Chartered Accountant, In Solutions, Visa, VK,
how can i prepare financial statement?
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.
What is the meaning of XBRL??
whta is the current SBAR? Please provide the past rates from 1st january 2011 to till date.
Would you consider alternative vacancies if so which:
Three common types of confirmations used by auditors are (1) negative confirmations, (2) blank form positive confirmations, and (3) positive confirmations with information included. Place the confirmations in order of reliability from highest to lowest.Question 8 options: 1, 2, 3. 3, 2, 1. 2, 3, 1. 3, 1, 2.
Audit 
