Question

debit what comes in credit what goes out is the rule for :a) personal A/C (b) real A/C (c) nominal A/C (d) all the the above​

Answer 1

Answer:

As per the rules of debit and credit: Debit the receiver and credit the giver is the rule of Personal account. Debit what comes in credit what goes out is the rule of Real account. Debit all expenses and losses credit all income and gains is the rule of Nominal account.

Answer 2

Answer:

Debit what comes in credit what goes out is rule of answer

Both Bank and Cash are real accounts and so the Golden rule is: Debit what comes into the business. Credit what goes out from the business.