Basic
This query is : Resolved
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???
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???
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
So there is no such difference. Moreover, debit and credit rules are same worldwide
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.....
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.....
25 July 2010
it is the way it is presented!
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Under construction property in ITR
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Upload Level ValidationITR3Category of Defect B/D
- Not able to file ITR
- Building tax payment deduction in rental Income
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
