Question

concept of debit and rules of debit
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Answer 1

Answer:

There is too much easy rule to understand the debit and credit rule:-

whatever thing is going to anyone, the receiver, gainer will be debited.

whatever thing is going from anyone, the giver, sacrificer, will be credited

for this rule you must know the nature of accounts that which all accounts are type of debit nature as well as credit nature.

then this formula will work

Answer 2

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❥˙RULES OF DEBIT.

• DEBIT WHAT COMES IN.
• DEBIT THE EXPENSE AND LOSS.
• DEBIT THE RECEIVER.

❥˙MORE TO KNOW:-

❥˙RULES OF CREDIT:-

(it's just opposite to debit rules)

• CREDIT WHAT GOES OUT.
• CREDIT THE INCOME AND GAIN.
• CREDIT THE GIVER.

HØPÊ ÎT HÈLPẞ YØÜ ☃️☄️...