Interested to Buy Any Domain ? << Click Here >> for more details...
1) What is mean by debit, credit
2) what is mean by purchase, sales
- 11 Answers
- 17905 Views
- I also Faced
- E-Mail Answers
Answer Posted / babhu kanchupalli
Receiving aspect in a transaction is called Debit.
Giving aspect in a transaction is called Credit.
Purchase means acquiring goods for the purpose of doing business..
Sales means exchange of goods for the consideration with the customers....
Remember that both are business daily activities....
| Is This Answer Correct ? | 4 Yes | 1 No |
Post New Answer View All Answers
What is the instrument that cannot be transferred from one person to another by endorsement.
What are the effects of 'inflation'?
What is 'state development loans (sdl)'?
What are the obligations and elements of IRDA?
What is sub- prime lending?
Which software is used in the banking sector?
What according to you should be done to boost the exports of the nation?
What is debtors turnover ratio?
What will you comment on women empowerment?
What details does the deposit register cover?
Why do you want to join in SEBI?
What is the educational qualification required for the entrance exam?
In how many parts 'non-tax revenue' is divided?
What is a ledger account?
What is Chartered Company?
