What are the items that are to be debited in accounting and what are the items that are to be credited in accounting?
- 1 Answers
- 1317 Views
- I also Faced
- E-Mail Answers
Answer / Ravi Prakash Srivastava
In Accounting, Debits are entries made on the left side of an account (Dr.) and represent increases or assets, expenses, or reductions of liabilities. Credits are entries made on the right side of an account (Cr.) and represent decreases or liabilities, revenues, or increases in assets.n
| Is This Answer Correct ? | 0 Yes | 0 No |
"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...
what are the main important accounting entries for AP and AR ...
What is general ledger account?
how to strong my account for long time?
1. If Ram Received Cash Rs. 900/- & Deducted Rs.100/- as EPF. 2. Cheque diposited into bank Rs. 200/- against EPF of ram. How many ledger should create under which & what will be the entry ?
Accounting Questions
How to prepare HSD statements in tally
WHAT IS THE DIFFERENCE BETWEEN ESTIMATED BALANCE SHEET & PROJECTED BALANCE SHHET
If a transaction was missed completly how do you find it?
What is ‘Dual Control’ in Master Records?
What do you mean by prepration of Balance sheet? how to explain this with example, please tell me if anybody knows this.
What is purchase returns accounting
Audit 
