Accountancy, asked by sahilmehra9463902557, 8 months ago

Debit what comes in credit what goes out is rule of

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Answered by Anonymous
6

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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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Answered by Anonymous
1

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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