04-01-2008, 08:15 PM
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Azeem Shah Khan</i>
<br />Hi Checkmated,
Debit Left column/side of a general ledger
Credit Right column/side of a general ledger
Thats it really, the other explanations our friends gave above are thr RULES OF DEBIT & CREDIT i.e. what goes in the right or left column.
Take my word for it, <b>debit and credit do not mean more than this.</b>
Kind regards
Azeem
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Yes, ASK you're very right indeed! Debits and Credits are not more than that and the explanation of the rules of Debits and Credits was just to clarify the concept to the newcomer.
BTW are you still at London?
<br />Hi Checkmated,
Debit Left column/side of a general ledger
Credit Right column/side of a general ledger
Thats it really, the other explanations our friends gave above are thr RULES OF DEBIT & CREDIT i.e. what goes in the right or left column.
Take my word for it, <b>debit and credit do not mean more than this.</b>
Kind regards
Azeem
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Yes, ASK you're very right indeed! Debits and Credits are not more than that and the explanation of the rules of Debits and Credits was just to clarify the concept to the newcomer.
BTW are you still at London?
