debit or credit samjhado class 11 …

This is very easy concept. I will try to make it easy for you. Each and everything is came in one of 5 head. Capital, Income, Expense, Asset, Liability. 1. Capital: capital is internal liability of the company. So whenever capital is introduced the capital account will be credited and whenever the amount is withdrawn the capital account is debited. 2. Income: income is the amount which is earn by the company so whenever company or person earn something that will be treated as income. When income is earn it will be credited. For example A made a sale to B of Rs. 5000. Cash will be increase by sale then following entry will be pass: Cash A/C ............Dr To Sales A/C 3. Expense: expenses are the reverse of Income. 4. Asset: Assets increases by debiting and decreses by crediting 5. Liability: Liability is also same as capital.

When assets came to business it is said to be debited .And on the other hand when aset decrease it is said to be credited