complete the golden rules of accounts.
1) personal account: debit is .....................
credit is ..................
2) Real account: debit is .......................
credit is ......................
3) Nominal account :
debit is .......................
credit is.......................
Answers
Answered by
4
Answer:
Debit whatever comes in and, credit whatever goes out. Personal accounts: Receiver's account is debited, and giver's account is credited. Nominal accounts: All expenses and losses are debited and, all incomes and gains are credited.
Answered by
0
Answer:Ya
Step-by-step explanation:
1 ya ua
Similar questions