Debit and credit

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mukesh

mukesh (Querist)

27 March 2014 Dear sir,

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

mukesh

mukesh (Querist)

27 March 2014 any body still online sir

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

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

mukesh

mukesh (Querist)

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.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

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

mukesh

mukesh (Querist)

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

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

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

mukesh

mukesh (Querist)

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

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

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

mukesh

mukesh (Querist)

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.

Nikhil Kaushik

Nikhil Kaushik (Expert)

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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