Interested to Buy Any Domain ? << Click Here >> for more details...
what does debit and credit mean in accounting and what is
its underlying concept and its treatment.
in the cash book dr means receipt nad credit means payment?
is it correct?
- 4 Answers
- 16811 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sitaram sawant
There are three fundamental a/cting principles, which are
as follows:
1. debit the receiver and credit the giver
2. debit wht comes in and credit wht goes out
3. debit all losses and credit all gains
The given statement is correct.
in our cash book when we received money we Dr. cash or bank
a/c and vice-versa. But as per bank book it shows reverse
blalance. Means if u hv 5000/- in ur bank, it will show as
Rs.5000/- Cr. Becoz it is as per bank record.
PLz give me reply on this statement
thks
| Is This Answer Correct ? | 26 Yes | 7 No |
Answer / dinesh(dj_mbagrad@yahoo.com)
I am not satistfied with the above answers... because it
all depends on the accounts nature according to which a
debit/credit becomes a receipt or a payment...
| Is This Answer Correct ? | 7 Yes | 3 No |
Is fee income unrestricted income or restricted income?
capital expenditure , revenue expenditure
Who is the founder of accountancy
what is treasury stock
What is the meaning of capital profite and capital reciet? both are same or any different are there?
What should be the entry passed for TDS deduction by the Company and tds deducted on the Company? Can tds refund on FD foreclosure be adjusted aganist the tds deducted on the Company?
EXPAND___________MAN
From the following particulars calculate B.E.P and P/V ratio Fixed Expenses 1,50,000 Variable cost per unit 10 Selling price per unit 15
Short Answer on _________Accounting
Plz Give the Inventry Accounting Procedure 1.Domestic Purchases ( VAT,CST,& Excise) 2.Import Purchases ( Direct Expences & Excise ) 3.When Will the Price Diffrence Entry Happen? 4.Cash Discount & Trade Discount On Purchases? 5.Domestic Sales ( VAT,CST,& Excise) 6.Export Sales ( Customes ,Excise ) 7.Cash Discount & Trade Discount On Sales?
whst is detailed information aboutaccounting standards 20to 29
When determining turnover, do you first deduct all sales returns to come to an answer or is turnover the total sales without deductions.
Audit 
