Explain the golden rules of accounting?
Submitted by: AdministratorReal Account : Debit what comes in
Credit what goes out
Nominal Account : Debit all expenses and losses
Credit all incomes and gains
Personal Account : Debit the giver
Credit the received
Real Account : Debit what comes in
Credit what goes out
Nominal Account : Debit all expenses and losses
Credit all incomes and gains
Personal Account : Debit the Receiver
Credit the giver
Submitted by: Administrator
Credit what goes out
Nominal Account : Debit all expenses and losses
Credit all incomes and gains
Personal Account : Debit the giver
Credit the received
Real Account : Debit what comes in
Credit what goes out
Nominal Account : Debit all expenses and losses
Credit all incomes and gains
Personal Account : Debit the Receiver
Credit the giver
Submitted by: Administrator
debit wt comes in & credit wt goes out...
debit the receiver credit the giver...
debit al exp & losses credit al gains & income...`
Submitted by: Ronak Jain
debit the receiver credit the giver...
debit al exp & losses credit al gains & income...`
Submitted by: Ronak Jain
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