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IF ASSETS ARE GOOD,WHY ON DEBIT SIDE OF B/SHEET

 
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IF ASSETS ARE GOOD,WHY ON DEBIT SIDE OF B/SHEET
Syed Abdul Rehman
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Posts: 19
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Joined: Jun 2006
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#12
07-07-2006, 04:55 AM
My dear, I am sorry, that I am unable to convinced you, on this topic,
I think that this is not your field,

you can say that any figures in GL accounts, if "comming to" will be debit, and that entery "coming from" any account will be credited.

Same like suppose that you are the figure & coming from out side, and you are entering in your house, so that you will be credited outside, and you will be debited to your house, from both side you have to cover, and you are effecting both side to keep you in balance in accounting concept.

this is the simple (desi) example, rules in accounts also.
Thanks,

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Messages In This Thread
IF ASSETS ARE GOOD,WHY ON DEBIT SIDE OF B/SHEET - by craft - 06-19-2006, 08:11 PM
[No subject] - by accountant1 - 06-19-2006, 09:24 PM
[No subject] - by maani - 06-19-2006, 11:38 PM
[No subject] - by Schuaeb - 06-20-2006, 01:54 AM
[No subject] - by maani - 06-20-2006, 05:48 AM
[No subject] - by Schuaeb - 06-24-2006, 03:34 AM
[No subject] - by Muhammad Ahmad - 06-24-2006, 10:03 PM
[No subject] - by Syed Abdul Rehman - 06-27-2006, 07:56 PM
[No subject] - by Syed Abdul Rehman - 06-28-2006, 07:55 PM
[No subject] - by Syed Abdul Rehman - 06-29-2006, 01:07 AM
[No subject] - by Schuaeb - 07-07-2006, 04:06 AM
[No subject] - by Syed Abdul Rehman - 07-07-2006, 04:55 AM
[No subject] - by Schuaeb - 07-08-2006, 03:01 AM

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