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    hinaiqbal's Avatar
    hinaiqbal Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Nov 27, 2006, 01:24 AM
    Credit and debit entry
    What is credit or debit entries.what type of entries we enter both?
    bader's Avatar
    bader Posts: 2, Reputation: 1
    New Member
    		  
    #2

    Nov 29, 2006, 12:57 AM
    Quote Originally Posted by hinaiqbal
    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's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #3

    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's Avatar
    pimple_dimple Posts: 1, Reputation: 3
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    #4

    Apr 9, 2011, 09:27 AM
    The thing which we get is debit.
    The thing which we invest is credit.
    vishnushah's Avatar
    vishnushah Posts: 1, Reputation: 1
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    #5

    Jan 4, 2012, 11:28 AM
    Ramesh buy a car at 10% discount which cost is rs 400000.
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