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meenakshi

@meenakshi_16

Rocker

Posted: 14 years ago

#191

Originally posted by: tejeshec

ringa ringa roses or jingle bells😆

no yaar tej bhaiya...sir was teaching accounts

debit what comes in

credit what goes out😆

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Tejesh Ejanthkar

@tejeshec

Rocker

Posted: 14 years ago

#192

Originally posted by: meenakshi_16

no yaar tej bhaiya...sir was teaching accounts

debit what comes in
credit what goes out😆

I always wanted to understand the difference...
why does the money what we get as salary is reported as credit in our bank accounts

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Tejesh Ejanthkar

@tejeshec

Rocker

Posted: 14 years ago

#193

Originally posted by: Pratamesh
had my tests re

Hi Prats,
How were u;r tests?
which tests btw?

Quote

meenakshi

@meenakshi_16

Rocker

Posted: 14 years ago

#194

Originally posted by: tejeshec

I always wanted to understand the difference...
why does the money what we get as salary is reported as credit in our bank accounts

aree theres another rule

debit all expenses and losses

credit all incomes and gains

Quote

meenakshi

@meenakshi_16

Rocker

Posted: 14 years ago

#195

Originally posted by: Pratamesh
had my tests re

how was it

Quote

Tejesh Ejanthkar

@tejeshec

Rocker

Posted: 14 years ago

#196

Originally posted by: meenakshi_16

aree theres another rule
debit all expenses and losses
credit all incomes and gains

then why did u say debit what comes in?

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meenakshi

@meenakshi_16

Rocker

Posted: 14 years ago

#197

tejesh do u know the basics of accounts or u are unaware of it ?????????????

Quote

Tejesh Ejanthkar

@tejeshec

Rocker

Posted: 14 years ago

#198

I am a layman when it comes to accounts but ya I have tried understanding these concepts but all what in understood is that it depends on the type of accounting u are doing...Credit and Debit might take each other's place in different scenarios