Question

Explain golden rule of accountancy????​

Answer 1

Answer:

Golden rule for real accounts is : “Debit what comes in, Credit what goes out.” Nominal Accounts : Accounts related to expenses, losses, incomes and gains are called Nominal Accounts. Golden rule for nominal accounts is : “Debit all expenses and losses, Credit all incomes and gains.”

Answer 2

Answer:

here is your answer mate and for more help with the full explanations follow me and mark me as brainliest

Explanation:

Golden rule for real accounts is : “Debit what comes in, Credit what goes out.” Nominal Accounts : Accounts related to expenses, losses, incomes and gains are called Nominal Accounts. Golden rule for nominal accounts is : “Debit all expenses and losses, Credit all incomes and gains