Golden rules of Debit credit – second rules
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Golden rules of Debit credit – second rules

In simple word, Debit means the amount reduce from your account and Credit means the amounts credited in your account. For example- when A Person gives loan to another person,the loan given is  an asset to the giver because it generate income for  him. So it has to be debited and  cash account has to […]

March 7, 2011 0
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Accountancy

In simple way, we will understand what account is! Account is nothing more, it is a language of business. Business made in two terms- first term is expenses and second term is income. So  we define the term  business as a human activity under which goods are dealt in for profit making. There are also […]

February 18, 2011 1