Good Evening to All,
What is debit and credit from the banks point of view ?
Awaiting for your kind replies.....
1 Replies
Chinmay
(Accounts Professional)
(356 Points)
Replied 25 January 2011
Hi Vijaya,
It is very simple,
Cash Account means
Dr. Side = Receipt
Cr. Side = Payment
Bank Account means
Dr. Side = Payment
Cr. Side = Receipt
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