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What is Debit or Credit ?

Anil Kumar
03/12/2018 0 0

In accounts, these to words are most important, if students understand this concept they can able to handle accounts properly, Its a very basic of Accounts which students lack in the future course of the period.

We must know that every action has two results, like if you go to Jaipur then, in consequence, you reach Jaipur but you leave your residence where ever you live means one thing come and one thing goes in every action of our life or our business.

The thing which we get or achieved is called debt, and the thing which we leave or gone is called credit, in an effortless way of learning even for those who don't ever learn or do accountancy in their life.

For example, if we purchased any material from Ram, we will pay them money immediately or later. So how we write this transition, the way of writing this transition is called journal entry.

Material A/c Dr.

Cash/Ram A/c cr

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