Answer Posted / soumya prakash ganguly
A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. It is positioned to the left in an accounting entry. A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account.
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
input vat, wht use in wct
What knowledge should financial accountant have?
How P/E ratio usefull to the different people?
Why companies are issuing their shares at premium and discount? What benefits the companies and the investors can get in both the cases?
Do you have any idea about gst?
how do made in finalization
what is dmat charges?
what is debit balance report in SAP?. how do you describe DB report in brief.
1.recivable and payble 2.pf,tds,esi
in terms of accounting the trial balance when is it taken?
GOODS LOST BY FIRE 100 RS, INSURANCE MONY RECEIVED 120,40 PENDING FOR FINAL SETTLEMENT- Journal Entry
What is the difference between deferred revenue and accrued revenue?
What happens to the company's "cash account" if it borrows money from the bank by signing a note payable?
sir ,can effect on wbs element after wbs selected in t code : FBCJ for cash receipt?
Dear sir, In tally what is list of cost centres? and what is the list of cost categories?
