Answer Posted / radha
Debit means due for that. Benifit receiving aspect. It is
derived from Latin word "Debitum".
Credit means due to that. Benifit giving aspect. It is
derived from Latin word "Creder"
| Is This Answer Correct ? | 9 Yes | 0 No |
Post New Answer View All Answers
Can anybody tell me diference between provisions of Profit and Loss account prepared as per company act & Income Tax Act?
Can you differentiate public and private accounting?
state (5) accounting concepts and give 1 example of each
if no production is take place at the start of a process in royalty accounting what will be the accounting procedure for that.
professional tax payment for april 2017 paid from ranbeers credit card what are the expesses booking entry in tally
hai! i am a BE(computer science) graduate with 54% of aggregate looking for bank clerk job? in interview they are asking why are you looking for a bank job and what guareente that once you are selected ? plz guide me?
Sir, Now, i am purchasing ply wood, board, and other material for my office furniture. But now the furniture is incomplete so what would be the journal entry for this exp. in book.
why creditors a/c dr. to discount received a/c ?
Define fair value accounting?
What are trade bills?
what do you maen by Expected rate of return ? Is there any formula for expected rate of return? what is systematic & unsystematic risk ? how to calculate both the risk?
Private purchases amounting to rs 5000 have been debited to purchases account
Explain me where a cash discount should be recorded in journal entry?
what is profit and loss(dr) in cash flow statement?
director wife expenses which entry