hinaiqbal
Nov 27, 2006, 01:24 AM
What is credit or debit entries.what type of entries we enter both?
bader
Nov 29, 2006, 12:57 AM
what is credit or debit entries.what type of entries we enter in both?
 
normally used the debit and credited in the transcation 
 lilke if you buy car in cash?
dedit                     car
credited                 cash
 
if buy car in loan/credit?
 
debit                     car
credit                     bank/loan
CaptainForest
Nov 29, 2006, 09:29 PM
If you have an asset, operating expense:
To increase it, DEBIT it
To decrease it, CREDIT it.
 
If you have a liability, capital, sales revenue, contra assets such as depreciation expense:
To increase it, CREDIT it
To decrease it, DEBIT it.
pimple_dimple
Apr 9, 2011, 09:27 AM
The thing which we get is debit.
The thing which we invest is credit.
vishnushah
Jan 4, 2012, 11:28 AM
Ramesh buy a car at 10% discount  which cost is rs 400000.