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Simple Accounting
What are credits?
Any addition to your revenue, liability or equity will be a credit. Meaning, when you book a revenue, you credit that amount to a revenue account. Therefore, a deduction of revenue, liability or equity will be a debit.
#simple#accounting#simpleaccounting#simple accounting#debits#credits#revenue#liability#equity#journal entries#entries#bookkeeping
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#Basic Arithmetic Concepts | Data Sufficiency | Arithmetic | Crash Course | Vinay | Tone Academy#- This class deals with the Data-Sufficiency questions on Partnership& many such concepts in Arithmetic.#- Questions are given on Partnership concept and asking to find the Share of a person (or) Total Profit etc#.#- Each question is followed by 2 statements where the question can be solved by choosing only 1 sufficient (or) only 2 (or) either 1/2 ; bo#- Questions are based on simple Partnership formula: Profit = Investment x Time#- Profit-ratio’s = Investment’s ratio’s.#- Miscellaneous questions.#Fundamentalsofpartnershipintelugu#partnershipconcept#LearnEasyAccount#SimpleAccounts#EasyAccounts#BasicsofPartnership#whatis partneship#Appropriation#ProfitandLoss#fundamentalofpartnership#fundamentalofpartnereshipfortspsc#fundamentalsofpartnershipappsc#partnershiptopicsforupsc#tone academy#For any queries/doubts/information - we are just an email away - mail us @ [email protected]#Youtube
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Accounting Software Singapore - Manages Cash Flow, Customer and Vendor Management business performance anytime and anywhere intuitively and seamlessly.
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