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Query

SACHIN KHETAWAT (Student) (349 Points)

26 October 2013

Any one can tell me what is the meaning of DEBIT AND CREDIT

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2 Replies

Sreeniketh Angara (B. Com CA PCC CS Executive) (699 Points)
Replied 26 October 2013

As far as i know there is no specific definition for the question asked which has baffled many people since times immemorial. However debit and credit are understood to be means of entering a transaction into the account ledger in double entry system of book keeping.

Keep rocking

Sreeniketh

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SACHIN KHETAWAT (Student) (349 Points)
Replied 26 October 2013

Sreeniketh ji i am not asking the defination i am asking the meaning only as i know..many peoples dnt knw its correct meaning.. I m just wanna to know how many knew the same