what is meant by debit and credit

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

pls send me capital iq quition paper pls, ihave 2mr interview thanks

1794


can any one tell me what kind of qns are asked in gail entrance test. i m apearing for the exam of accounts & finance. please let me know the ans on my id pragneshmall1@gmail.com

1487


WhatIs the limit of duty exemption in smal scale industries.

1711


distinguish between Bill of Exchange and Promissory Note

1750


Expand---------MNOP

1568






What is the difference between Deffered Tax Assets & Deffered Tax Liabilities

1737


You use the accounts approach for parallel valuation in a new G/L system. If you used the ledger approach instead. Which objects would be different? ( any 3 answer) Chart of accounts Financial statement version Depreciation areas Asset classes Leading ledger

2787


How do you plan to achieve these goals

1853


what do Loan Loss Coverage Ratio mens describe it with examples?

1740


What is deffered income

1680


I want to become CFA so kindly provide me all information regarding this like fees structure,colleges in mumbai,duration etc.

1296


Straight line method to using Indian company names

1464


What type of questions in accouting point of respect they ask genrally plz help me find out this.

1577


which are the basic princeples of accountancy... with examples

1717


WHICH IS MORE RISKY TO A BANKER, A CASH CREDIT OR A LETTER OF CREDIT

1674