0
a credit is pay out, debit is pay in
Debit and credit are part of the double-entry accounting system for adjusting different transactions in accounts.
When creating a T account debit just means "left side" and credit means "right side."
Debit comes from the Latin word debere, and credit comes from the Latin word credere.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Is prepaid insurance a debit or credit?
Debit
Is cost of sale credit or debit?
Credit or debit
What are the rules of debit and credit for assets?
There are three rules for recording transactions: Personal account Debit the receiver. Credit the giver. Real account Debit what comes in. Credit what goes out. Nominal account Debit all expenses.There are three Golden Rules for Debit & Credit, whole accounting is depend on these three rules :- 1. Debit what comes in & Credit what goes out. 2. Debit the receiver & Credit the..Because to make the things debit on debit side and credit on credit side, for that purpose its important to memorize the debit and credit rule.
Why is it important to memorize the debit and credit rules?
Because to make the things debit on debit side and credit on credit side, for that purpose its important to memorize the debit and credit rule.
Is drawing debit or credit?
its debit.
Is prepaid insurance a debit or credit?
Debit
Does cash on hand have a debit or credit balance?
credit
Is a refund to a credit card a debit or credit?
Debit
Is cost of sale credit or debit?
Credit or debit
What are the rules of debit and credit for assets?
There are three rules for recording transactions: Personal account Debit the receiver. Credit the giver. Real account Debit what comes in. Credit what goes out. Nominal account Debit all expenses.There are three Golden Rules for Debit & Credit, whole accounting is depend on these three rules :- 1. Debit what comes in & Credit what goes out. 2. Debit the receiver & Credit the..Because to make the things debit on debit side and credit on credit side, for that purpose its important to memorize the debit and credit rule.
Why is it important to memorize the debit and credit rules?
Because to make the things debit on debit side and credit on credit side, for that purpose its important to memorize the debit and credit rule.
Is drawing debit or credit?
its debit.
Give you a sentence with committee?
When he volunteered to work on the finance committee, he did not understand the difference between a debit and a credit.
How do you post a debit or a credit?
debit is the receiver,credit is the giver
how can i paywe do not have credit or debit cart?
how can i pay?we do not have credit or debit cart
Is bank loan credit or debit in trial balance?
credit
Bank overdraft is in debit or credit side?
credit side
