02-18-2010, 06:14 PM
Dear M. Shahi,
Debit and Credit can be remembered as, the account which receives value is called Debit and the account which gives value is called credit. But you have to learn about Assets, Liabilities, capital, income & expenses to further strengthen the concept of debit and credit.
Regards,
Debit and Credit can be remembered as, the account which receives value is called Debit and the account which gives value is called credit. But you have to learn about Assets, Liabilities, capital, income & expenses to further strengthen the concept of debit and credit.
Regards,