accounts
sujin (accounts executive) (222 Points)
28 February 2018
what is debit and credit explain me with easy example
6 Replies
pankaj
(a)
(1262 Points)
Replied 28 February 2018
in accounting every transaction have two aspects i.e. Debit and credit. Debit is used for exp. and assets whereas credit is used for income and liabilities . if one sell goods on cash he will Debit cash(assets) and credit sales(income). I hope u understood .
sujin
(accounts executive)
(222 Points)
Replied 28 February 2018
how to understand profit or loss in trail balance
Recent Topics
- Explanation 3 to section 11(1) read with section 4
- Ammendment in Partnership On Death of Partner and
- TDS Provisions applicability Tax Audit Individual
- NAME CHANGE OF HUF
- Advisory for Reporting TDS Deducted by scrap Deale
- Section 194 J Technical Service/Professional Servi
- Solving of Export Related Problems
- Need your valueble insight.
- Softex For freelancer ?
- GST ON REIUMBURSEMENT ENTRY ON GST PORTAL
Related Threads
CAclubindia
