difference b/w debit and credit

Answer Posted / chandran

In Simple and easy words
Debit what you receive from the company for your service
provided
Credit what you have to pay to the company for service
purchased

Is This Answer Correct ?    12 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is statutory audit?

676


HOW TO DO LEDGER SCRUTINY?

2448


Explain the basic principles of an internal audit controlsystem?

669


what is the reason for controls in an IS environment?

1596


What is the mean of statutory audit?

713






what are the main tools of auditing?

2206


whta is the current SBAR? Please provide the past rates from 1st january 2011 to till date.

1920


When should a company sack its auditor?

1732


What are documents need to vouch while doing sales vauching?

998


What is vouching?

615


Please send me rbi previous exam paper with ans for group B at aparna_majumder@ymail.com

1909


How does the internal audit differ from an external audit?

735


Would you consider alternative vacancies if so which:

3996


What is external audit?

730


what is the steel consumption per sq ft for ground plus 12 floors

1097