Answer Posted / nida
what comes in is treated debit and what goes out is treated
credit in accounting.for example
purchased furniture for cash, we record it
what comes in(furniture)dr and what goes out (cash)
cr furniture a/c dr
cash a/c cr
to write any account at the right side is credit and to
write any account at left side is called debit in accounting
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
What is the provision? What is the entry for provision?
I am working in govt. sec. How to make journal entry in books for Fix Deposit
Revenue Expenditure
What and How to compute an unsecured balances?
X, PURCHASE HOUSE PROPERTY IN 2005, RS 400000,AND SALE IT IN2010, RS 1800000,IF X HANDICAP, AND IN 2008 MADE SENIOR CITIZON, HOW CALCULATE IT?
can we credit depreciation of the year to the general reserves in a balance sheet of that year? and also enlist some relevant documents or standards?
simply define shares and debentures
WHETHER WE CAN BOOK ALL PRELIMINARY EXPENSES, INCLUDING ACCESSORIES RELATED TO PURCHASE OF A NEW VEHICLE TO CAPITAL EXPENDITURE?
Explain fictitious assets?
WE PURCHASED ONE ASSET,HOW CAN WE CALCULATE EXCISE DUTY,VAT,SERVICE TAX?[IN CASE OF SELLING PURPOSE OR OWN PURPOSE].SHALL WE CLIME CREDIT ON THAT?THEN HOW?
The Horse bought rs. 2000 on Jan.20th died, its carcase was sold for rs.50 loss rs. 1950 what is journal enty
How Adjust The Amount Taken By Partners For Personal Use? Is The Entry For Drawings? Even If The Amt Exceed 5 Lakhs Or As Partners Loan If Its Not Recovered Even After 1 Year? Discribe All.
what are voucher entries for EPF treatment in tally
What is bad debt expense?
what is the performa of bank reconcilation ? i want to need it and also i want to know about tds entry for various sources such as rent,contractor, commission, etc. and how we make the tds return, please tell me its very urgent?