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AKASH (Querist)
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20 July 2010 In accountancy we write "Debit" on left hand side and credit on right hand side....
But in Indian accounting "Jama" (Credit) is on left hand side and "Naave" (Debit) is on right hand side.

Why this difference is there??

Is it only a way of presentation or anything else???

Shudhanshu Agrawal

Shudhanshu Agrawal (Expert)
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21 July 2010 This is happend in the case of bank book and if you see properly whenever there is deposite we Debit bank a/c and whenever there is withdrawl or payment then we credit bank account.

So there is no such difference. Moreover, debit and credit rules are same worldwide

AKASH

AKASH (Querist)
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21 July 2010 No dear, if u see the cash book in Indian accounting, u will find out that.....
there are two sides that is Jama(Credit) on left hand side and Naave(Debit) on right hand side....
This difference is seen in ledger and even in cash book.....

Ca Aashish Upadhyay

Ca Aashish Upadhyay (Expert)
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25 July 2010 it is the way it is presented!

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