Let me know why we debit expenses and credit revenues
Answer Posted / 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 |
Post New Answer View All Answers
Who to create a budget on software company
How and by whom the Percentage of Depreciation is fixing?
hi.this krishan .i m slect in axis bank for executive. when i sposse to join
What Question ask in MARKIT Company?
what is audit mean? what is vouching? how to finalize the account? what is the meaning of + cast < as per last year auditor’s a/c ^ as per ledger JV journal voucher PV payment voucher AJV authorised journal voucher APV authorised journal voucher RV receiving voucher PCV petty cash voucher CPV cash payment voucher DN debit note DO delivery order PO purchases order CN credit note PS policy schedule RPS renewal policy schedule B bill Cx cross check nCx cannot cross check CB cash bill L list/letter SRF stock requisition form R report OR office report INV invoice DS deposit slip AB assessment bill Re receipt ECF entertainment claim form ATRF air ticket requisition form
give the details of overheads which are not included in costing
can any body help me with a copy of (any month/year) bank reconsilation statement,udai_skumar@yahoo.com
What's the meaning of Preferential Creditor?
plz send me a solved paper on SBI of clerk post
would gross expenditure vouch the correctness or otherwise of the given expenses?
if a person join company on 01-04-04. after 5 year he is resigned on 31-03-09 and date of leaving is 14-04-09. Is he is on under gratuity payable or not? he is completed 5 years on 31-03-09. what is basis on calcultion on final settlement is date of resignation or date of leaving whcih is on 14-04-09.
What is Profir/Earning Before Tax and Profit after tax any one explaint this Clearly.
who introduces the single entry format?
Example for extra ordinary expenditure?
what is the meaning of (PDD’s, DOD’s, CFR’s,) based on understanding of the business process