E T AGU Best MBA Colleges in Bangalore Best School in Noida Top Boarding School in Noida Top Boarding School in Delhi best aicte approved pgdm colleges in bangalore Best MBA Colleges in Jaipur MBA Colleges best cbse schools in delhi for 11th and 12th top mba colleges in bangalore cbse residential school in greater noida Best BBA College in Delhi Top PGDM Colleges in Bangalore Best University in Gurgaon Best Preschool in Delhi Lingaya's Vidyapeeth Lingaya's Vidyapeeth

why increase in income/revenue is credited and increase in exp is debited?

income is something we earned so it mean we r receiving it

expense is something ,by that our cash is going out in order to to fullfill our company requirements so if cash is going out then why its debited

asked Oct 7, 2014 in Accounting Equation by rahimdad (60 points) 456 views

1 Answer

0 votes
Dear Rahim, I suggest you watch my video on Accounting Equation.  I hope this video will resolve your doubts.  If doubts persist, please don't hesitate to ask again.

 

answered Oct 8, 2014 by jbsclasses (3,971 points)
...