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 assets and expenses debited

Answer Posted / saddam hussain

Assets and Expenses are debited because the normal balance
of assets and expenses are debit.so when they are increased
then debit and when decreased then credit.

Is This Answer Correct ?    4 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Expand--------SRTA

1925


For what purpose ERS is used for?

2245


what is differred tax liability? explain in detail with some example.

2950


Give a brief explanation of the fundamental accounting concept of prudence

2210


What is the relationship between, issued share capital, share premium and paid up capital?

2388


What are Corporate Action?

2731


What is pre-paid amount? What is post-paid amount? Explain received in advance? Explain paid in advance?

2284


Why we have to present first and second draft(Bill of Exchange) for bank negotiation.Why cant we present only One draft?

3973


Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.

1361


3.In TALLY,we used to call tally erp 9.like that,in sap we used to call SAP ECC 6.0.here what is ECC?,i know the abbreviation of ECC.i want to know the role of ECC?

2212


how to prepare mba finance for interview questions

2666


What are the general Ledgers?

1927


is there any chance for confilcts between an accountant and a sales executive ? If yes how do you resolve the same as an accountant ?

2083


EXPAND___________NAC

2058


Which Invoice issued on Central Sale Commercial or Retail?

2036