what is meant by debit and credit

Answer Posted / avinash

DEBIT,WHAT COMES IN. .RECEIVING AND CREDIT,WHAT GOES OUT. . GIVING

Is This Answer Correct ?    1 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Expand----------SAMC

1608


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 Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt.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.

966


An applicant paid excess amount to the Government Office through a demand draft for a particular permission/license instead of actual fees. Later he went to government office and requested to return the previously submitted demand draft. Can he get back the Previously submitted demand draft(which was not adjusted into government account) duly paying he actual fee?

1524


Give some questiong with anser with are usally ask to the interviewer in interview. Please give answer with detail.

1660


What is corporate restructuring?

2029






WHAT TYPES OF ESSAYS ARE GIVING IN BANK OF AMERICA? CAN ANY ONE HELP ME

1386


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

1718


objective of accounting

1534


give me only one transactions in both side (debit&credit) should be in real accounts

1733


Dear sir,i have completed M.sc,MBA.STILL I AM NOT GETTING WELL POSITION .I THINK ON LOW BUGET ON COURSE TO IMPROVE MY POSITION IN FINANCE FIELD.

1582


Expand--------SRTA

1515


In what cases can Convertible bonds be considerred as derivatives?

1761


How to caluculate the value of Corporate Profit, the value of personal savings and the value of indirect tax?

1457


Give the balance sheet schedules ,what is differe tax, GIVE THE RATES OF DIFFERED TAX FOR THE YEAR 2008-09

1845


What do u mean by pass through expenses? give examples, how it will be accounted & billed?

5466