Interested to Buy Any Domain ? << Click Here >> for more details...
what is meant by debit and credit
- 22 Answers
- 45135 Views
- DELL, i Tech, IBM, Wipro, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / saikrishna
Debit means what we recive in any business
Credit means what we give in propotion
| Is This Answer Correct ? | 84 Yes | 21 No |
Answer / hemlata
Debit is left and Credit is Right.Dr means receiving and cr
means giving.In acounts we us these two terms.
| Is This Answer Correct ? | 67 Yes | 27 No |
Answer / arjunanag@rocketmail.com
these are golden rules of accounting.
debit : what comes in
credit : what goes out
| Is This Answer Correct ? | 47 Yes | 7 No |
Answer / guest
What comes in, The Receiver All expenses & Losses
Credit means, What goes out, the giver, all incomes and
revenues
| Is This Answer Correct ? | 33 Yes | 7 No |
Answer / shylaja
Debit means the benefit receiving aspect.
Credit means the benefit giving aspect.
| Is This Answer Correct ? | 30 Yes | 9 No |
Answer / shiva kumar 9848083705
DEBIT MEANS RECIEVING ASPECT.
CREDIT MEANS GIVING ASPECT.
| Is This Answer Correct ? | 21 Yes | 3 No |
Answer / rajesh kumar panigrahi
In the language of book -keeping ,debit means the left hand
side of a T-form account ,and credit means the right hand
side of the T-form account. There is no other meaning.When
we say debit what comes in , credit what goes out etc. etc.
we are only talking of the golden rules of accounting
| Is This Answer Correct ? | 17 Yes | 1 No |
Answer / sheshu babu
debit means left hand side credit means right hand side
debit; what comes in
credit;what goes out
there are golden rules of accounts
| Is This Answer Correct ? | 16 Yes | 1 No |
Answer / ram prasad
Debit means who owes money to the business
credit means to whom owes money by the business
| Is This Answer Correct ? | 15 Yes | 7 No |
who invented acounts?
bills receivables shows which balance
what is sevice tax? on what service tax is applicable. explain with examples?
i dono how to calculate vat pls help me
What will be the entry for transfer of fixed deposit amount to their current a/c. (ie. if we hav a FD of Rs.600000 with the bank, we need to close the FD and transfer the amount to the current Account. kindly provide me the entry for this.
what are the suggestions to control NPA in rural areas?
0 Answers State Bank Of India SBI,
The opening Capital of a concern is Rs.30000/- owner withdral for personal use Rs.28000/- Closing capital balance of concern is Rs.37000/- choose the correct answer from the following. 1.Net Loss Rs.14000/- 2.Net Profit Rs.35000/- 3.Net profit Rs.14000/- 4.Net Loss Rs.35000/-
how u will identify the duplicate invoice, on what basis?
what are share warrants?
Define Trial Balance?
describe how accuracy in trial balance is a prime objective for preparing the financial statements?
what is pre post expenses
Audit 
