Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is debit and credit?

Answer Posted / guest

Debit and credit are two fundamental elements of
accounting which represents both sides of each transaction
in an organization.

Is This Answer Correct ?    11 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

A factory uses annually 24,000 units of a raw material which costs Rs. 1.25 per unit. Placing each order costs Rs. 25 and carrying cost is 6% per year of the average inventory. (a) Find the economic order quantity and the total inventory cost including the cost of material.

4776


what is your opinion regarding T.V shows on youth

2642


When their is one pick point and four unloading places with in same district their is need to write four number of way biils

1779


Proprietor paid amount of Rs. 11060/- for car insurance. Pass Journal.

1387


Explain financial accounting. What are its characteristic features?

1060


what is profitability ratio and dividend policy ratio

2011


A manufacturer want to sale his product in Rs 110/ where his manufacturing cost is 100.what will be tax for the product in different way.If he want to sale his product outside the state then what will be the taxation way. I want to know as urgent.Hope you will describe me as brakewise statement with example.

1927


Explain have you ever heard about tds, what it is?

1054


How to calculate ESI Please define what include in basic salary and what should be excluded from basic salary

1603


Let me know the liability positions of Partners

1912


What is the purpose of accounts like e.g. expense accounts assigned a account number 0040, principal account assigned anumber 0060.In our general ledger software such numbers are assigned.I want to know how these numbers (accounts) help in maintaing accounts of a company (like bank reconciliation).

1814


what is the difference b/w gain and profit?

1900


What is tally and its features?

1126


What is the difference between personal account real account and nominal account?

1142


Do you use social media to identify prospects?

1077