Why on the earth I'm writing on debit and credit?
There were couple of requests from my friends to write a summarized article on this topic. Most of the accounting job interviews contains at least few questions on debit and credit.
There are thousands of articles in internet on debit and credit. But I thought I should write a summary version customized to Sri Lankan interviews, so that it could be useful for someone who do not have much time to prepare for an interview.
(picture credit - http://jobsearchnow.net)
Since there are much detailed articles already in the net, I've taken most of the below examples directly from some sites and the relevant link is given under each quoted paragraphs. Please refer to those separate sites for explanations and more details. But if you already know your theory and just need a revision, this article is sufficient.
There are thousands of articles in internet on debit and credit. But I thought I should write a summary version customized to Sri Lankan interviews, so that it could be useful for someone who do not have much time to prepare for an interview.
(picture credit - http://jobsearchnow.net)
Since there are much detailed articles already in the net, I've taken most of the below examples directly from some sites and the relevant link is given under each quoted paragraphs. Please refer to those separate sites for explanations and more details. But if you already know your theory and just need a revision, this article is sufficient.