What is Outstanding list - debit meaning and credit meaning?

Question added by gandhi mathi
Date Posted: 2017/01/28

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Exe Ltd sells goods on credit to Wy Ltd for £3000. Which of the following accounting entries correctly records this transaction?
Top Answer: b. Debit Wy Ltd, credit sales £3000 When you sell goods ... See More

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What is the best way to know 100% the difference between any Debit & Credit Transaction ?
Top Answer: Debit is Asset while credit is liability according to General Journal entry, trial balance and balance sh ... See More

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Posting keys for GL transactions? 1. 40 debit , 50 credit 2. 50 debit, 40 credit 3.10 debit, 20 credit
Top Answer: the standard PK for GL from FI screens is for Dr and for Cr. but from MM screens, it uses another PK. P ... See More

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What is debit and credit? And what is the difference between debit and credit?
Top Answer: <h3>In bookkeeping, debits(Dr) and credits(Cr) are entries made in account ledgers to record change ... See More

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