Terriann25
Terriann25 Terriann25
  • 29-11-2021
  • English
contestada

What are the meaning of debit and credit in Principle of Account ?​

Respuesta :

pavitradhakal454
pavitradhakal454 pavitradhakal454
  • 29-11-2021

Answer:

In the principle of account,the meaning of debit and credit is,

Explanation:

A debit is an entry made on the left side of an account. Debits increase an asset or expense account or decrease equity, liability, or revenue accounts.

A credit is an entry made on the right side of an account. Credits increase equity, liability, and revenue accounts and decrease asset and expense accounts.

Answer Link

Otras preguntas

Is speed or velocity more helpful to a pilot?
what percent of 240 is 180?
what percent of 240 is 180?
Find the area of the figure. Round decimal answers to the nearest tenth.
ARRANGE THESE JUMBLED SENTENCES INTO A GOOD DIALOG   1. mira : of course. can you show me the fitting room, please? 2. mira : i'm not sure. would you mind if i
A husband and wife celebrate their birthdays on the same day of the month, but in different months. Every year, their birthdays fall on the same day of the week
which organelle do you think is the most important organelle for an animal cell? why or why not?
what two sides emerged in response to the Declaration of independence? what did each Side favor?
1 \frac{1}{6}y-8=6[/tex]    please explain how to do this
The tallest snowman ever recorded---really a snow woman named Olympia—was built by residents of Bethel, Maine, and surrounding towns. Her body and head together