Explain "debit what comes in credit what goes out"

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Explain "debit what comes in credit what goes out"..

Answer / sk

it is one of basi accounting priniciples. if we purchase
anything for cash.
the goods are coming inside and cash is going outside.
goods purchases a/c dr.
to cash a/c

Is This Answer Correct ?    156 Yes 19 No

Explain "debit what comes in credit what goes out"..

Answer / koteswara rao

This is the one of the Accounting rull of Golden rules of
Accouting

Real Account is nothing but " Debit what comes in Credit
what goes Out.

For exp: Land purchased

Entry: Land A/c Dr
To Cash A/c Cr
in this exp debit comes in means Land will come our company
Credit what goes out means Cash will go out of the company

Is This Answer Correct ?    113 Yes 10 No

Explain "debit what comes in credit what goes out"..

Answer / sourabh singh

This is the defination of Real Account & parts of Golden
Rule where anything come it will debit & anything goes it
wll credit ie,

Furniture A/c ------------Dr
To Cash/BAnk

Is This Answer Correct ?    60 Yes 7 No

Explain "debit what comes in credit what goes out"..

Answer / prabhakar shankar

furniture A/c Dr
To cash A/c

Is This Answer Correct ?    40 Yes 9 No

Explain "debit what comes in credit what goes out"..

Answer / pramod yadav

This is the one of the Accounting rull of Golden rules of
Accouting

Real Account is nothing but " Debit what comes in Credit
what goes Out.

For exp: Land purchased

Entry: Vehicle A/c Dr
To Cash A/c Cr
in this exp debit comes in means Vehicle will come our company
Credit what goes out means Cash will go out of the company

Is This Answer Correct ?    7 Yes 1 No

Explain "debit what comes in credit what goes out"..

Answer / upender. a

Ofcorse it is the rule of Real a/c.
that Debit What comes in & Credit What goes out.

Ex : if u purchased a furniture and paid Cash, then journal entry is:

Furniture A/c.__________ Dr
To Cash Ac.

Here u r getting the furniture (what comes in)
and u r paying the cash. (what goes out)

Is This Answer Correct ?    4 Yes 0 No

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