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متابعة

Debit and credit are the two fundamental aspects of every financial transaction in the double-entry bookkeeping system. True or false?

'Every debit has a corresponding credit'. ...........1. Yes ...........2. No

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تم إضافة السؤال من قبل Khaja Moinuddin , Group Assistant Financial Controller , Confidential
تاريخ النشر: 2013/08/31
FITAH MOHAMED
من قبل FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

1........>>>>>>>>>...... Yes

Option1. Yes, In accounting, every entry have two aspects i.e. Debit and Credit.

Ghulam Mustafa
من قبل Ghulam Mustafa , Finance Manager , Al Hamli Group of Companies

Yes

 

Rehan Qureshi
من قبل Rehan Qureshi , Financial Consultant , Self Employeed

Yes true,

hahahaha such a fantastic question to secure points

Divyesh Patel
من قبل Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

Its true.

 

Credit

  •  

    an entry in the right hand column of an account; credits increase liability, income, and equity accounts and decrease asset and expense accounts 

Debit

  • an entry in the left hand column of an account to record a debt; debits increase asset and expense accounts and decrease liability, income, and equity accounts

mukkur srinivasan varadhan
من قبل mukkur srinivasan varadhan , Chartered Accountant , Chartered Accountant in practice

yes, true.Logic is also equally fundamental.

selamawit afework
من قبل selamawit afework , Accountant , Qatar Financial Centre (QFC) Authority

Yes its true

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