my honourable persons could you please tell me what is mean by TO and BY in Leger accounts
to balance c/d or by balance b/d..
To is credit
By is debit
MPR sanjay Kumar (CA student) (216 Points)
09 February 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 09 February 2021
To is credit
By is debit
MPR sanjay Kumar
(CA student)
(216 Points)
Replied 09 February 2021
I think this ledger account is nature of real account debit what comes in
Credit what goes out
IAM I correct
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 09 February 2021
It depends upon the ledger name eg.
expenses ledger- nominal
Capital- personal
Assets- real
liabilities- real
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