Debit and Credit ??

0 Vote(s) - 0 Average

Debit and Credit ??

Checkmated
Offline

Junior Member

Posts: 14
Threads: 7
Joined: Mar 2006
Reputation: 0

#5

02-16-2008, 03:39 PM

Another question , if expense is the decrease in capital then income is the increase in capital ??? thats why it is credited ??? plz tell me

secondly, can we say that capital is a liability ?? or it is different from "liability", in accounting equation why we write asset= capital plus liabilities, as capital is also a liability for the business, is it ??

« Next Oldest | Next Newest »

Users browsing this thread: 1 Guest(s)

Messages In This Thread

Debit and Credit ?? - by Checkmated - 02-15-2008, 07:29 AM

[No subject] - by kamranACA - 02-15-2008, 05:12 PM

[No subject] - by Astute Accountant - 02-15-2008, 07:32 PM

[No subject] - by Checkmated - 02-16-2008, 03:35 PM

[No subject] - by Checkmated - 02-16-2008, 03:39 PM

[No subject] - by Astute Accountant - 02-17-2008, 07:04 PM

[No subject] - by Shahbaz - 03-01-2008, 03:40 AM

[No subject] - by Schuaeb - 03-15-2008, 01:36 AM

[No subject] - by Azeem Shah Khan - 03-31-2008, 12:08 AM

[No subject] - by idreesdurrani - 03-31-2008, 03:55 PM

[No subject] - by Azeem Shah Khan - 04-01-2008, 03:47 AM

[No subject] - by Astute Accountant - 04-01-2008, 08:15 PM

[No subject] - by Azeem Shah Khan - 04-02-2008, 03:38 AM

[No subject] - by idreesdurrani - 04-02-2008, 04:46 PM

[No subject] - by davide1982 - 04-24-2009, 05:40 PM

[No subject] - by ali ahmad - 04-25-2009, 08:00 PM