Debit and credit

This query is : Resolved 

27 March 2014 Dear sir,

i want to know that what is the difnition of Deabit and credit.

27 March 2014 any body still online sir

27 March 2014 definiton is not there but there are rules regarding debit and credit....

27 March 2014 ok but sir somebody ask to me that what is debit and credit then what should i have to give him answer.

27 March 2014 then say all exp and losses are debits and income and gains are credited.

27 March 2014 if abcd 2000Rs transfer to xyz by bank the what will be entry

27 March 2014 from where it is transferred.............

27 March 2014 IF A IS TRANSFER RS 2000/- TO X BY CHEQUE
THEN WHAT WILL BE PASS ENTRY.

27 March 2014 transfer for what is it sale or purchase pr exp for what say in detail........

27 March 2014 ONE PROPRIETOR HAVE TWO COMPANY A AND X AND HE HAS TWO BANK ACCOUNT. AND HE WANT TO TRANSFER RS 200000/- A A/C TO X A/C BY BANK TO BANK THEN WHAT WILL PASS ENTRY.

27 March 2014 I am really surprised for Tushar being so patient with you...

Mukesh, read class XI commerce text books...I am surprised you call yourself an accountant in your CCI profile.


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