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Rule of debit and credit

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Rule of debit and credit

Posted by Mayur Gautam 8 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Bhavleen Kaur Sethi 8 years, 1 month ago

3 Golden Rules Real Account- It includes assets and liabilities Debit what comes in Credit what goes out Personal Account- It includes artifical and persons accounts Debit the receiver Credit the giver Nominal Account- It includes profit and loss account Debit all expenses and losses Credit all gains and revenues

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CBSE > Class 11 > Accountancy

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