logic of words 'debit ' and 'credit'

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logic of words 'debit ' and 'credit'

uvahidy
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07-10-2007, 03:48 PM

simple increase in asssets or expenses = debit
decrease in asssets or expenses = credit
increase in income or liabilities = debit
decrease in income or liabilities = credit

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logic of words 'debit ' and 'credit' - by zeeshan_909 - 07-08-2007, 07:37 PM

[No subject] - by shsaeed - 07-09-2007, 01:59 AM

[No subject] - by uvahidy - 07-10-2007, 03:48 PM

[No subject] - by Mahtab - 07-10-2007, 05:53 PM

[No subject] - by uvahidy - 07-11-2007, 12:01 AM

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