Show debit and credit column, Accounting Basics

Q. Show Debit and Credit column?

- Debit column. In the debit column the sum of the debit is on the same line as the title of the account debited.

- Credit column. In the credit column the sum of the credit is on the same line as the title of the account credited.

Posted Date: 7/2/2013 12:59:16 AM | Location : United States







Related Discussions:- Show debit and credit column, Assignment Help, Ask Question on Show debit and credit column, Get Answer, Expert's Help, Show debit and credit column Discussions

Write discussion on Show debit and credit column
Your posts are moderated
Related Questions
i have an assignment fro perdisco platform managing general entries of basic accounts will u guys be able to help with it

What is the Fair labor standard act Fair labor standard act (Wages and Hours Law) establishes standards for minimum wages, child labor, overtime pay, required payroll record

Q. Explain about Predictive value and feedback value? Several suggest using a different valuation basis such as current cost in reporting such assets. Predictive value and feed

DEFINE THE FICA TAX PAYABLE AND SUTA TAX PAYABLE FICA TAX PAYABLE-OASDI. Same account is used to record both employees' and the employer's share. Credited to record taxes i

Q. Show Tax benefits of LIFO? Tax benefits of LIFO The LIFO method outcomes in the lowest taxable income and thus the lowest income taxes when prices are rising. The Internal R

Materiality Concept: There are several events in business that are trivial or insignificant in nature. The cost of reporting and recording such events will not be justified th


Q. Explain Merchandising companies? Merchandising companies buy goods that are ready for sale and then sell them to customers. Merchandising companies comprise clothing stores,


After adjustments and the closing of revenue and expense accounts at February 28, 2015, the end of the first full year of operations, the income summary account has a credit balanc