Basics of Accounting

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CA student
216 Points Posted on 20 February 2021
my dear friends ,in ledger account or final accounts the TO and BY concepts are very important know,

generally what is that TO and BY..
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On 20 February 2021 at 13:23 Report
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This discussion explains the fundamental concepts of 'To' and 'By' in accounting ledgers and final accounts. 'To' is used when posting to the debit side of an account, while 'By' signifies an entry on the credit side. Although these words don't have intrinsic meaning, they are crucial conventions for indicating debit and credit transactions.

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Master in Accounts & high court Advocate
9620 Points Posted on 20 February 2021

'To' is used when accounts are posted in the debit side column of a particular account. 'By' is used when accounts are posted in the credit side column of a particular account. These words may not have meaning but are used to represent the debit and credit accounts.

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On 20 February 2021 at 15:42
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CA student
216 Points Posted on 20 February 2021
Thank you Soo much
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On 20 February 2021 at 15:43

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