Sociology, asked by brartaran362, 9 months ago

Debit what comes in Credit what goes out, is rule of

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Answered by Anonymous

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The transactions are recorded by a debit to one account and a credit to another account using these three "golden rules of accounting": Real account: Debit what comes in and credit what goes out. ... Nominal account: Debit all expenses & losses and Credit all incomes & gains.

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