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...

why debit is called debit.& why debit is on left side,why
not on right side ?

Answer Posted / madhavi.p

DEBIT IS SOMETHING WE HAVE GIVE/RETURN, I.E., ACCOUNTS
PROCEDURE AND RULE CANNOT BE CHANGED

Is This Answer Correct ?    9 Yes 8 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are time sheets?

1043


Tell me what are the activities that includes in cash flow statement?

1319


What is the disadvantage of double entry system?

1028


What software applications have your used for accounts receivable?

1047


What is accounting ethics?

998


What is creative accounting?

1144


how to finalised the Balance sheet & profit & loss A/C

2270


Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.

1995


hi m freshe working as a account assistance. i want know about accounts, what is balance sheet, profit & loss a/c, trail balance? why these are require to company? how can i know about full account work in tally? what should i do everyday? how to finalisation calculting? kindly explain please..

1974


Tell me how can you explain the basic accounting equation?

1006


{in tally}in inventory info what is (stock group, stock categori, stock item,reorder levels) why we has to prepare them?

2187


Describe yourself briefly why you are outstanding for this post "Finance Coordinator"?

2171


if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?

3846


HI FRNDS THIS IS NARESH I DONE MBA (FINANCE)IN 2011. AND I DID COMPLETE SAP FICO.I WANT TO DO START CAREER WITH SAP FICO PLZ TELL ME PLZ HAVE ANY INTERVIEW AS FRESHER IN HYD OR PLZ SEND THIS MAIL...NAINALA.NARESH@GMAIL.COM

2339


What is royalty reserve?

7043