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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