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What are the rules of debit …

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What are the rules of debit and credit ? Explain them ?

    • Posted by Singhraj Gupta 7 years, 5 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Aryan Watts 7 years, 5 months ago

    There are three rule on them 1) debit the receiver credit the giver. (Personal a/c rule) 2) debit what comes in credit what goes out. (real a/c rule) 3) debit all loss and expenses credit all profit and income. nominal a/c rule

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