Download App

Accounting Equations — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountAccounting Equations1 Mark
Question
What is Credit?
✓

Answer

When an amount is entered on the right-hand side of an account, it is a credit and the account is said to be credited.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from Accounting Equations→Accounting Equations — all question types→Account STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

What does debit balance of a Real Account indicates?
→
State the meaning of capital expenditure and revenue expenditure. What is the difference between them?
→
Name the reserve that can be used in distribution of dividend.
→
Bank column of the Cash Book can have either debit balance or credit balance. Why?
→
To record an increase in a Liability Account, it must be credited. Why?
→
What is meant by “Balancing an Account"?
→
If total assets of the business are ₹ 4,50,000 and outside liabilities are ₹ 2,00,000, calculate owner's equity.
→
Is Journal a book of original entry?
→
Give fundamental accounting equation.
→
What is a Cash Book?
→