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...

What did you meant by Debit and Credit?

Answer Posted / shiva goud

debit means in accounting an entry recording a sum received, listed on right side of the account.

credit means an entry recording a sum owed, listed on left side of the account.

Is This Answer Correct ?    5 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Tell me what do we mean by purchase return in accounting?

1075


what is a corporate chart of accounts and its purpose?

1768


WHAT IS THE DEFINATIN OF IDENTICAL GOODS AND SIMILAR GOODS? WITH EXAMPLE?

5470


Define public accounting?

1012


which type of questions did HR Manager ask and what are the answers

2064


Explain financial accounting.

1126


What is use of statistics in accounting?

1015


Do you know what is liabilities and what all does include in current liabilities?

980


What is Statory Books ?

2316


Tell me which accounting application you prefer most and why?

914


Explain me by saying, perpetual or periodic inventory system; what do we mean?

1089


Tell me what is an over accrual?

1038


What is liabilities and what all does include in current liabilities?

994


What is tally and its features?

1119


in Tally what is cost cenre,cost categori and why we need to prepare them

2022