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General Accounting Discussions: wat is debit n credit

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  1.  
    • CommentAuthorstef
    • CommentTimeAug 14th 2009
     
    i advanced money from my company say $400.which column do i fill in the 400 ?
    • CommentAuthorpk
    • CommentTimeAug 14th 2009
     
    The below entry should be passed in the Company's books
    Dr. Salary Advance or Cash Advance
    Cr. Cash
    Thankful People: mulalam, tgm603
  3.  
    You are rite PK and you also explained in simple and good way which is understandable and easy!

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