Interested to Buy Any Domain ? << Click Here >> for more details...
Concepts Of Debit,Credit,Double Entry Accounting and
Matching
- 1 Answers
- 3711 Views
- I also Faced
- E-Mail Answers
Answer Posted / jitu
if we record something on left side of any account is
called debiting and if on right side of any account is
called crediting in double entry book keeping every
transaction is having tro effect one is debit and another
is credit so it is called double entry accounting. matching
means to match we are matching our expenses with our income
and because of that we gets loss or profit.
| Is This Answer Correct ? | 1 Yes | 2 No |
Post New Answer View All Answers
What are the important things to be remembered while preparing a bank reconciliation statement?
Tell me what happens to company's “cash account” if it borrows money from the bank by signing a note payable?
How to pass the entry in tally for demolished of building?
Why some asset accounts have a credit balance?
What accounts are to be debited and credited in this case o
What is partnership accounting?
what is the D.V.T. rate from 1/10/2009
Dear Sir I had already export to dubai. now I am to know that can I enter this sale entry in RG1. pls guide me.
Wat entry ill come after paying the Cen -Excise Tax Vat Tax and Service Tax in the same time
what is addition of Opening Balance and net profit transfered from profit and loss account called
Under what type of account do the unearned revenues fall?
Define public accounting?
What are accounting entities?
I have a doubt in tally,if a customer purchase our product on cash or sometimes credit,under which head i need to make the customer ledger.?
WRITE ABOUT ANY 1 "WOMENS ARE BEST MANAGEMENT PERSON" "IF UR FINANCE MINISTER OF INDIA" "V R RESPONSIBLE FOR OUR ENVIRONMENT"
