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) 469 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)