05-03-2005, 05:04 AM
<b>DEBIT- </b> An entry recording an increase to an asset or expense or a reduction to a liability, revenue or a net asset (equity). The opposite of a credit.
<b>CREDIT-</b> An accounting entry acknowledging income or capital items.
ALL BE BLESSED!
fahim
<b>CREDIT-</b> An accounting entry acknowledging income or capital items.
ALL BE BLESSED!
fahim