If we can write Credit to cr. so why we can`t write Debit
to Dt. or De. why we write it Dr.?
Answer Posted / shahid raza, pgdm,l.b.s,g.noid
The term (Dr.) is taken from the italian word Debare.
The term (Cr.) is taken from the italian word Credier.
Thats why we use such terms........
byeeee....
| Is This Answer Correct ? | 29 Yes | 4 No |
Post New Answer View All Answers
"Closed Period" method. our current company method of accounting is called the "OPEN PERIOD". It's time we'd like to use the "CLOSED PERIOD". What is the standard timing and detailed procedure for closed period most of the company have been used. Please advise. thanks.
Is the shadow balance present in bank account always credited or bank may reverse it as well?
What is purchase returns accounting
What action could be taken by you and your manager to improve your performance in your current position?
I have interview in Accenture,already anyone attend the interview, kindly gave some information about accounts interview & also about the company.
We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.
Why is accuracy important in accounting?
What are the features of financial accounting?
A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs 10000. He pays expenses amounting to Rs 1000. V incurs further expenses on carriage Rs 1000. He receives cash for sales Rs 15000. He also takes over goods to the value of Rs 2000. The profit on joint venture is 7 (a) Rs.3000 (b) Rs.5000 (c) Rs.6000 (d) Rs.3500
How to calculate ESI Please define what include in basic salary and what should be excluded from basic salary
Tell me about a situation where you showed determination?
Please help me in this entries Pass accounting entries for the following transaction in the books of XYZ company. A rendered professional service to company XYZ and sent an invoice dated 01/01/2016 for Rs 1,00,000/- + service tax Q1. Pass journal entry for the invoice received considering the service tax and TDS. Q2. Payment was made on 01/02/2016 by cheque. Pass payment entry.
What is partnership accounting?
Mention in simple terms what is the difference between asset, equity, and liabilities?
sir, I wanted to know what is the difference between cash and cheque payment in terms of tax.