Question

Discuss the rules of ascertaining Debit and Credit
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Answer 1

Rules for Debit and Credit

First: Debit what comes in, Credit what goes out. Second: Debit all expenses and losses, Credit all incomes and gains. Third: Debit the receiver, Credit the giver.

Answer 2

Answer:

Rules for Debit and Credit

First: Debit what comes in, Credit what goes out. Second: Debit all expenses and losses, Credit all incomes and gains. Third: Debit the receiver, Credit the giver.

Explanation:

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