Reviews | Advisory Board | About  
home Feedback Contact
Book Forum Login
     Ask     | Question Bank  
Q: What is the relevance of debits and credits?
Ramana On 2008-07-28 10:09:36

Reply:
If you find the submit button disabled then please log in

 Answers

Pages: 1

Ramana: 2009-08-07 05:45:26  
 
Debits and Credits are the means of recording the transactions.
   
Maulik Mashkaria: 2008-07-30 05:42:28  
 
Debits and credits are based on double-entry rule of accounting. That is for every debit there is a correponding credit. Debits always equals credits.
   
Pages: 1
Answer : 1 - 2 (2)
Page 1 / 1

Total Members: 2168

Site designed by The Freelancers, Bhubaneswar, Orissa, India