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why we debit all expences?

Answers were Sorted based on User's Feedback



why we debit all expences?..

Answer / santy

As per accouting golden rule every expnses should be
debited that is reason why we debited all the expnses.

Is This Answer Correct ?    12 Yes 1 No

why we debit all expences?..

Answer / wyne

Expense has debit nature cause aginst it we pay cash or
make libility.

Is This Answer Correct ?    3 Yes 2 No

why we debit all expences?..

Answer / s subhalaxmi

Expenses are the charge against profit to know the correct
and fair profit, which the golden rules suggests.

Is This Answer Correct ?    2 Yes 1 No

why we debit all expences?..

Answer / manoj s

According to the rules of accounts..IN case of nominal
account ..we debit all the expenses and have to transferred
to profit and loss a/c

Is This Answer Correct ?    0 Yes 0 No

why we debit all expences?..

Answer / rincy scaria

credit all incom, that is why

Is This Answer Correct ?    5 Yes 7 No

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