Friday
August 1, 2014

Homework Help: Accounting

Posted by Joyce on Sunday, June 10, 2007 at 9:35pm.

how can you determine what side is a debit and what side is a credit

A debit is an expense that is paid. A credit is income.


The following rules are applied to decide debit or credit side.

1.Debit what comes in and credit what goes out
2.Debit the reciever and credit the giver
3 Debit the expenses, losses and credit incomes and gains



The following rules are applied to decide debit or credit side.

1.Debit what comes in and credit what goes out
2.Debit the reciever and credit the giver
3 Debit the expenses, losses and credit incomes and gains

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

accounting - Linking debit or credit with normal balance C5 Indicate whether a ...
finance - can someone correct these for me when you have a few minutes i'll ...
Accounting - Please double check me. Indicate whether a debit or credit ...
Accounting - Please check me - Indicate whether a debit or credit decreases the ...
accounting, correction - Can someone correct these for me thanks I'll appreciate...
more accounting - I am so lost in this the book does not make sence, I think i ...
Accounting - In a trial balance there are amounts in the debit side and credit ...
Accounting - Hankco accepts all major bank credit cards, including Omni Bank's, ...
basic accounting!plz help! - STEVENS REALTY Paid $300 to send employees to ...
basic accounting edit plz - STEVENS REALTY Paid $300 to send employees to ...

Search
Members