Let me know why we debit expenses and credit revenues
- 3 Answers
- 4333 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / goutam de
BECAUSE WE FOLLOW THE 3RD BASIC PRINCIPLES OF ACCOUNTING BY
DEBITING ALL EXPENSES AND LOSSES & CREDITING INCOMES &
GAINS
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / sindujaramkumar
according to the rule of nominal account
Debit all expenses and losses
credit all incomes and gains
we are debiting the expenses and cediting incomes
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / hemanta behera(maxnewyork life
it is only used nominal account
because we are used all expenses under this rules
debit all expenses and losess
credit all incomes and gains
it is consists monthle expenses
| Is This Answer Correct ? | 1 Yes | 0 No |
Expand--------ADCB
What is the difference between Finance & Accounts?
How can we link a file, directy to Tally for a update ledger report in M.S.Excel ?
how to show Income receivable in tally erp-9.
which name written in Tan application form Applicant is sole proprieter companies name or individual name?
npv, arbitrage
What function within asset accounting allow mass processing?( any 2 answer) • Mass asset changes • Mass asset retirements ( abavn) • Mass asset acquisition ( abzon) • Mass deletion of active assets with net book value zero.
i want to know the procedure of Tds ledger in tally for Event management co,s means procedure of creating TDS ledgers and how to know the outstandigs of Tds payable and Receivables plz guide me.........
why should we are preparing BRS
define fixed assets
Answered but misspelled pl correct THE LIABILITY POSITION OF A PARTNER IN A FIRM (ANS.DETILNUIM)
What is STPI work in accounting of a company?
2 Answers BPO, STPI, Thomas Cook,
Audit 
