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What did you meant by Debit and Credit?

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What did you meant by Debit and Credit?..

Answer / imran

Debit what comes in and Credit what goes out.

Is This Answer Correct ?    36 Yes 3 No

What did you meant by Debit and Credit?..

Answer / shekhar

what comes debit and what goes credit

Is This Answer Correct ?    13 Yes 1 No

What did you meant by Debit and Credit?..

Answer / soumya prakash ganguly

A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. It is positioned to the left in an accounting entry. A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account.

Is This Answer Correct ?    5 Yes 0 No

What did you meant by Debit and Credit?..

Answer / shiva goud

debit means in accounting an entry recording a sum received, listed on right side of the account.

credit means an entry recording a sum owed, listed on left side of the account.

Is This Answer Correct ?    5 Yes 1 No

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