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accounting rules
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Answer / mani
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 / vishwanath k
Personal A/c: Debit What Comes in Credit What goes out
Real A/c: Debit the Receiver And Credit the Giver
Nominal A/c: Debit expences and losses Credit incomes and
Gains
| Is This Answer Correct ? | 7 Yes | 5 No |
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