DEBIT AND CREDIT?
Hi Nadia,
Thumbs up to Rohit for the correct answer.
Whenever it is said that an account is debited, then this implies that transaction is posted on the debit side. On the other hand, when it is said that an account is credited, then the transaction is posted on the credit side of an Account.
Also, for recording transactions and events in a proper manner, you need to understand the basic rules of debit and credit. These rules helps us in deciding at which side of an account we should enter an aspect of a transaction.
For further doubts, do get back to us.
Keep posting!!
Thumbs up to Rohit for the correct answer.
Whenever it is said that an account is debited, then this implies that transaction is posted on the debit side. On the other hand, when it is said that an account is credited, then the transaction is posted on the credit side of an Account.
Also, for recording transactions and events in a proper manner, you need to understand the basic rules of debit and credit. These rules helps us in deciding at which side of an account we should enter an aspect of a transaction.
For further doubts, do get back to us.
Keep posting!!