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can you give me debit n credit rules
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Answer / rama
3 Golden rules of Accounting
1.Debit the receiver,Credit the giver.
2.Debit what comes in,Credit what goes out.
3.Debit all expenses and losses,credit all gain and income.
| Is This Answer Correct ? | 18 Yes | 3 No |
Answer / mani - tnmsc
Golden Rules of Accounting
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 and Losses
Credit - All Incomes and Gains
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / munawar
3 Golden rules of Accounting
1.Debit the receiver,Credit the giver.(Personal account)
2.Debit what comes in,Credit what goes out.(Real account)
3.Debit all expenses and losses,credit all gain and
income.(Nominal account)
| Is This Answer Correct ? | 2 Yes | 0 No |
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