please answer the question in the picture (3)

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

Jun 22nd, 2015

Thank you for the opportunity to help you with your question!

Debit is total of what you spent, withdrawals - debiting your account reduces the amount in the account
Credit is total of deposits to your account - crediting your account increases the amount in the account

Total is the sum of all credits - the total of all deposits; and sum of all debits is the total for all withdrawals


Trading account at Debit side=Opening stock,purchases ,purchases returns,
carriage inwards,wages

The total Debits is $46,500

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jun 22nd, 2015

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Jun 22nd, 2015
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Jun 22nd, 2015
Oct 20th, 2017
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