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What is debit and credit how to enter bank and business any differences?

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Question added by Mulla Esaf , Processing supervisor , Landmark group
Date Posted: 2013/09/22
manaf almas
by manaf almas , Auditor , DAR AL NUZUM PUBLIC ACCOUNTANTS

In bank or cash book all receipts are entered debit side as well as all payments are entered credit side  but in other accounts debited items are all expenses including losses  and assets   , credit all incomes and gains ..bank bool following receipt basis and others following accruel basis

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