Sir Income increase then records in the Credit Sides. and Expenses Increses then records Debits Sides. Please reads role of Debits & Credits Rules accordibg to the International Accounting Standatds (IFR).
Credit what comes In and Debit what goes out....ye to fukrey movie me sikhya tha Laali ki mam ne.....but sir I really appyour efforts to educate us...bohot acchi video thi....Thanx
General ledger sa pahlay excel pa journal entries ki spreadsheet or bad main trial balance banana zarori ha ? Ya ye sheet kafi hoti ha for making financial statements like income statement and balance sheet.
In personal database it's *Credit* bhai, But in accountancy it's debit, because in order to fund your account, the amount first need to deduct from your department account.
@@Shashwata reason behind company and its owner, other employees have distinct entity ....so jo aapke liye income hai vo company ke liye expense hai or jo aapka expense hai isliye income dr. huya its a personal account from approach of traditional but company is a real account that's why ye huwa
according to the International Accounting Standards (IFR) When liabilities, income, equity increase there is Credit when they decrease there is Debit. When Asset and expense increase there is Debit when they decrease there is Credit. if i am not right then please guide me sir
Same sheet me how we can add another sheet debit and credit using another sheet date If I used debit then auto catch those sheet date and same for credit also
Income & Gain is Credit
All Expenses is Debit
YAHI MA KAHNY WAla tha is ny ghlt guide kiya ha
Are accounts me alag hota h
Expenses and losses are debited while income and gains are credited .
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Sir Income increase then records in the Credit Sides. and Expenses Increses then records Debits Sides. Please reads role of Debits & Credits Rules accordibg to the International Accounting Standatds (IFR).
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As we study Expense is on Debit side
According to journal rules, expense is on debit side,but in ledger it is always opposite.
This table is for cash account so income is on debit side and expense on credit side
If both are debit then what is credit
Excuse me sir sir kindly reply me
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Income and Expenses is Nominal Account and in Nominal acount rules Expenses is Debit and income is credits, any budy explain this topic ❤
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Entry he has done of debit and credit are just opposite..
Dr.All expenses and loses
Cr.All incomes and gains
I thought the same
Exactly
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income credit me hogi debit me nahi sir baaki apne acha samjhya but iss confusion ko dur kare taaki jinko rule ni pta accounting ke wo galt na kare
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Credit what comes In and Debit what goes out....ye to fukrey movie me sikhya tha Laali ki mam ne.....but sir I really appyour efforts to educate us...bohot acchi video thi....Thanx
Under real account: Rule - Debit what comes in, Credit what goes out😅
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Nominal A/C
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All Expenses and losses= Dr.
All income and gain। =Cr.
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General ledger sa pahlay excel pa journal entries ki spreadsheet or bad main trial balance banana zarori ha ? Ya ye sheet kafi hoti ha for making financial statements like income statement and balance sheet.
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Good vedio
debit means expenses , credit means income
NICE VIDEO
Thank you sir
Sir, Very good video .One small doubt. Is Income comes under debit or credit ???
In accounts Income always comes under Debit
All incomes and gains are credit
All expenses and losses are debit
In personal database it's *Credit* bhai,
But in accountancy it's debit, because in order to fund your account, the amount first need to deduct from your department account.
This is Cash book Or Cash a/c features
Accordingly which have entries
@@Shashwata reason behind company and its owner, other employees have distinct entity ....so jo aapke liye income hai vo company ke liye expense hai or jo aapka expense hai isliye income dr. huya its a personal account from approach of traditional but company is a real account that's why ye huwa
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according to the International Accounting Standards (IFR) When liabilities, income, equity increase there is Credit when they decrease there is Debit.
When Asset and expense increase there is Debit when they decrease there is Credit.
if i am not right then please guide me sir
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Same sheet me how we can add another sheet debit and credit using another sheet date If I used debit then auto catch those sheet date and same for credit also
Hey bro some mistake, that is all the expenses & losses as shown on the debit side. And the same time incomes & gains as shown on the credit side
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good
Good
Agar Mera Credit debit se zyada ho jaaye to balance mai minus result aayega to is case me Kya kia jae
Income always credit hoti hey but expenses always debit hote h? Please check again n guide
That is Nominal Acount ledger, in Nominal Acounts Debit are Expenses and Credit is Income ❤
Sir income increase honay se credit hota hai
Expense increase honay se debit hota hai
Aap ne ulat kiya hai, kindly explain.
Please correct Credit is income and Debit is expenses
Debit all losses and expenses and credit all income and gain
Sir according to accounting rule all expenses are dr and all incomes are cr tu apne keu expenses ku cr kiya or income ku dr please sir boliya??????
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Opening balance ke sath formula kese lagayege
All expenses is debit balance and all income is credit balance .... So you should give attention on the point
But in terms of ledger (cash account) its different. When you receive income in cash its recorded in the debit of ledger and vice versa.
@@learnandshare426 Revenue: Measures a company's ability to generate sales
Income: Measures a company's ability to generate profits