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 / vivek

debit is term to be liable to pay and credit means the term
which u liable to get.........

Is This Answer Correct ?    2 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the objective of the balance sheet?

1246


Explain what is gaap?

1118


Do you know in accounting, vat abbreviates what?

1164


What are the effects of international accounting standards on accounting practices of developing nations?

1202


if at the end of the year cash book is showing debit balance whether it is meant that cash is not deposited after deducting expenses in bank and it is in hand and we should deposit in next year

1972


Under Accrual Accounting, How Are Worker Comp Premiums Handled?

1159


Why we debit expenses and credit incomes ?

1850


Can u please send me a set of accounting base questoin with answer,genraly ask by interviewer?

2139


How do I charge bank charges on payments to clients

2120


Define tally accounting

1015


What are the advantages & disadvantages of double entry system?

1316


Do you know public accounting?

1111


on 02/05/2013 issued a cheque to third eye ltd of Rs.14000/- in full and final settlement against the due on amount

1879


simply define shares and debentures

1787


Tell me what steps would you take to increase revenue for this company?

1073