|
#1
3rd January 2012, 12:22 PM
|
|||
|
|||
What is debit and credit in this transaction of ' Borrowed from Naresh Rs.30000/- '?
Borrowed from naresh Rs. 30,000 what is credit & debit ?
|
|
#2
10th January 2012, 10:30 PM
|
|||
|
|||
Re: What is debit and credit in this transaction of ' Borrowed from Naresh Rs.30000/- '?
Quote:
Therefore, in this case, the amount of money borrowed is a loan and the Naresh is the one who is providing the loan. Since cash is coming in, in the form of Loan, Loan A/c will be debited, and because Naresh is providing the loan, his A/c will be credited. Debit- Loan A/c Credit- Naresh A/c |
|
#3
10th July 2013, 09:11 PM
|
|||
|
|||
|
Re: What is debit and credit in this transaction of ' Borrowed from Naresh Rs.30000/- '?
What do you mean profit and loss (dr.balance)
|
|
#4
14th October 2020, 11:05 PM
|
|||
|
|||
|
Re: What is debit and credit in this transaction of ' Borrowed from Naresh Rs.30000/- '?
Borrowed from Nitesh rs 30000
|
|
#5
22nd December 2020, 07:46 PM
|
|||
|
|||
|
Re: What is debit and credit in this transaction of ' Borrowed from Naresh Rs.30000/- '?
According to morden approach in the transaction of borrowed from naresh what is the nature of accounting
|
Related Topics: |
||
| Thread | Replies | Last Post |
| What is the difference between cost accounting and financial accounting systems of companies? | 3 | 31st October 2019 03:47 PM |
| Is IFBI a good accounting institute? Which are the other accounting institutes in Delhi? | 3 | 20th July 2012 04:30 PM |
| Difference between cost accounting and financial accounting? | 2 | 20th April 2012 02:59 PM |
| Certificate in Accounting Technicians Foundation Course (Entry Level)-Part I Accounting Exam - Download Previous Years Question Papers | 4 | 23rd April 2011 07:09 PM |
|
|
Education and Career Forum
