PERSONAL A/C : DEBIT THE RECEIVER CREDIT THE GIVER REAL

Golden rules of accounting

Question Posted / arvind karthi venkatesh

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Answer Posted / arvind karthi venkatesh

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 & LOSSES
CREDIT ALL INCOME & GAINS

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