Answer Posted / kamal
Since we are accounting in double entry system. our assets
equals to liabilities. There is two side of Journal entry
one is dr & other is cr.and accounting is done on three
basis rule.
Personal A/c Dr the receiver & Cr the giver
Nominal A/c debit all expenses & loses & credit all income
& gains
Real A/c Dr what comes in, Cr what goes out.
| Is This Answer Correct ? | 3 Yes | 2 No |
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