what is meant by debit and credit

Answer Posted / sweety

Every aspect in accounts is a cash. So,

if cash comes then cr.
if cash goes then dr.

Is This Answer Correct ?    1 Yes 6 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the process of VAT & CST Registration?

2003


last date of tds deposit yearly,tds proforma challan

2186


How you implemented a chargeback system?

1789


What is mean by Reserve on Consolidation?

26994


how an accountant can do budgetery controls of expenses?

1682






how to download online - old ECR CHALLANS

4408


After Posting the Document in SAP FICO Using the sort key then where we can see the sort key in SAP

1917


What is Budgeted capital ?

1520


What is meant by retiring Bill

1504


Short Answer on ______________Import Trade

1420


Country-Western songs emphasize three basic themes: love, prison and trucks. A survey or the local Country-Western radio station produced the following data: 12 songs about a truck driver who is in love while in prison 2 about people in prison who are not in love and do not drive trucks 8 about people who are out of prison, are not in love, and do not drive a truck 13 about a prisoner in love 28 about a person in love 18 about a truck driver in love 16 about truck drivers who are not in prison 3 about a truck driver in prison who is not in love Find the number of songs about: a) How many songs were surveyed? b) truck drivers? c) prisoners? d) truck drivers in prison? e) people not in prison? f) people not in love?

1947


wages posted twice what is the entry for that?

1908


what is new updates in account

1557


What is the rule on a school who will be handled by anither school? How do I calculate the royalty per year to the school who will supervise a new school

1544


What are the legal entities that constitute your business? Does a legal entity have a seperate Federal Tax Id? In which country does a legal entity operate? In which currency does a legal entity operate? When does each legal entity's fiscal year begin?

1620