what is meant by debit and credit

Answer Posted / shiva kumar 9848083705

DEBIT MEANS RECIEVING ASPECT.
CREDIT MEANS GIVING ASPECT.

Is This Answer Correct ?    21 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Have you worked with other on team endeavors

1546


What Kind Of Requirements for Vat Refund And Assessment Cases

1329


How can fictitious assets be measured or valued?

1597


What is Spin-off & spilts

1594


Could u show me the sample TDS Document / Template

1635






what is operational risk and market risk in basel 2 norms.

1597


What are Home Equity Loans ?

1743


EXPAND______________IARCS

1490


what are responsibilities of an accountant in a company?

1607


An applicant paid excess amount to the Government Office through a demand draft for a particular permission/license instead of actual fees. Later he went to government office and requested to return the previously submitted demand draft. Can he get back the Previously submitted demand draft(which was not adjusted into government account) duly paying he actual fee?

1527


let me know the difference between net cash flow and income

1767


How the sub ledgers(AP, AR) integrate with GL liability and receivable

1534


Upto what age PF will be deducted for an employee? And what age he is eligible to gratuity?

1445


Why are there 30 blue-chip companies only considered in bombay stock exchange.And why those thirty only effect the sensex

1723


how many types of practice accounts?

1549