Dr/cr

This query is : Resolved

Rama_Hyd (Querist)
Follow

27 January 2012 Sir,
What is credit & what is debit.

In assets & liablities ,which side debit comes n which side credit comes?
as well as P&L a/c/ Balance sheet /TRIAL BALANCE also.

PLZZ EXPLAIN ME IN DETAILED.....

THANX ALL IN ADVANCE

PRACHI AGARWAL

PRACHI AGARWAL (Expert)
Follow

02 February 2012 Debit = Assets, Expenses
Credit = Liabilities, Incomes
In balance sheet Liabilities sre on left and assets are on right side.
While in Profit And Loss as well as in Trial Balance debits are on left side these debits represent expenses and credits are on right side, these credits represent incomes.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Prashant Kotecha

Akhilesh Chandra

Vasudevan Santhanam

CA Saurabh Jadhav

shobi H

Subscribe Now

Dr/cr

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

CA Final

GST CONSULTANCY