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what is the rule of debit and credit.
Plz detail answer.
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Answer Posted / sandhya
Every transaction will have two aspects i.e., debit and
credit aspect. Every debit is equal to its corresponding
credit. Journal entry is passed by following the rule of
debit and credit, according to which debit the receiving
aspect and credit the giving aspect.
| Is This Answer Correct ? | 3 Yes | 1 No |
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