Interested to Buy Any Domain ? << Click Here >> for more details...
What is the difference between debit and credit?
- 3 Answers
- 5861 Views
- FIC, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
According to three golden rules of accounting:
1.Personal account: Debit the receiver
Credit the giver
2.Real account: Debit what comes in
Credit what goes out
3.Nominal account: Debit all expenses and losses
Credit all incomes and gains
| Is This Answer Correct ? | 11 Yes | 3 No |
Answer / bhaskar
in PA DEBIT RECIVER ,CREDIT GIVER
IN RA DEWBIT WHAT COMES CREDIT WHAT GOES
IN NA DEBIT AII EXPANSESS,LOSSESS AND CREDIT ALL
PROFITS ,INCOMES
| Is This Answer Correct ? | 4 Yes | 2 No |
Debit and credit is to aspects on which all accounting is
based. these two word are the foundation of accounting.
| Is This Answer Correct ? | 1 Yes | 1 No |
wat is the meaning of bank and what role does bank play in insurance sector?
1 Answers State Bank Of India SBI,
Mr X has invest Rs.150000/- from his saving bank a/c for fixed deposit after maturity he received with interest amt Rs.165000/- He requested bank to renewed the same excluding inst amt.Bank after deducting charges credit the insterest amt to Mr. X a/c..pass the Journal entry in the books of MR.X
how could prepare a bank charges entry in the tally
How many types of Purchase Orders?
8 Answers DigiHome, Genpact, Mulpuri Group, Richa,
What is Contra entry?
what is the use of activity based costing, process costing, product costing, what are the steps followed for the same
what is sunk cost
what is the meaning of bank reconcilation
What are the main things to see which making a Balance Sheet ??
How to enter every month employees salaries in P&L a/c and why we use JOURNAL VOUCHER for salaries?
Cash discount is allowed to the customer to encourage them - -------------
what is the step in preparing the schedule of audit? can someone explain for me?
Audit 
