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WHAT IS DEBIT & CREDIT ?

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Question ajoutée par KHALID P.A. , SENIOR ACCOUNTANT , INTERCON WOOD INDUSTRIES
Date de publication: 2015/04/28
Sudhinlal M
par Sudhinlal M , Digital Media Marketing Manager , Green Architects & Builders

A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. It is positioned to the left in an accounting entry. A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account.

Zaheer uddin Raja
par Zaheer uddin Raja , Accounts Supervisor , Pakistan International Airlines

You should not waste your time asking such questions.

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