what is debit

Answer Posted / ramakrishna

According to the accounting terminology the term debit
tells about the receivig aspect of the transaction.

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How will you define Bank Rate?

635


What is Private Banking?

657


What do you know about seventh pay commission?

664


How Will The Stress Test Results Be Factored Into The Srep?

666


What is the meaning of 'base rate'?

677






Name some assets and liabilities for a bank?

655


Define BPL?(explain in terms of numerical values-refer to planning commission website)

699


Tell about the various accounts in the bank?

652


What do you know about Planning Commission and its Chairman etc.

618


What is NEFT / RTGS?

717


Why Are You Not Working Anywhere From Past 6 Months ?

660


What Is The Securities Transaction Tax?

669


What is Debenture Stock?

664


What Is Iloc (irrevocable Letter Of Credit)?

668


What is Sensex? How is it calculated?

619