debit & credit
Utpal roy (back office asst) (254 Points)
09 January 2019
Sir, I am beginner in accounts pl tell me in a party ledger in tally debit balance & credit balance means
1 Replies
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 09 January 2019
It varies for various nature of item.
for expenses and income it is debit the expense credit the income
for stock, purchase sale debit what comes in credit what goes out
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