what is the three basic rule of journel
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Answer / suman baranwal
Rule of journal is based on nature of accounts:-
Personal A/c-Debit the receiver & Credit the giver
Real A/c-Debit what comes in & Credit what goes out
Nominal A/c-Debit all expenses & losses, credit all incomes
& gains.
| Is This Answer Correct ? | 16 Yes | 0 No |
Answer / amit kumar
Rule of journal is based on nature of accounts:-
Personal A/c-Debit the receiver & Credit the giver
Real A/c-Debit what comes in & Credit what goes out
Nominal A/c-Debit all expenses & losses, credit all incomes
& gains.
is right.
| Is This Answer Correct ? | 4 Yes | 0 No |
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