Accounting is just Dr/Cr or it is Art of keeping the records?

Question added by Binod Ghimire , Finance/Admin Manager , JADE Consult Pvt. Ltd
Date Posted: 2014/05/16

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by Mukkaram Siddique , Finance, Management & Stocks , Amazon Foods Saudi Arabia

Dr & Cr are two minor units and components of accounting.

whereas Accounting in itself is complete art & Philosophy.

by Abid Ur Rahman abid , Lecturer , ECCMS Chitral

Art of keeping financial records

Where else you can use dr/ cr note apart from returning the goods/ services?
Top Answer: there are many other transactions in which dr/cr note are used. like if you have paid freight on behalf o ... See More

Answers (1)
Dr/cr what actually means of these words. debit or credit ?
Top Answer: <p>@dasarathi thanks for the defination but my friend i mean the words it self what does mean of de ... See More

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In which side (Dr/Cr)" rent receivable " will come in Trial balance? & why?
Top Answer: it is a personal account with a debit balance.it indicates that the ammount is owed to the organisation o ... See More

Answers (2)
if in a trial balance, sundry debtors & sundry creditors balances are shown on both dr/cr column, what will be its effect in b/s?
Top Answer: Sundry Debtors and Sundry creditors are shown under the current assets and Current Liabilities in the Bal ... See More

Answers (14)

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