Question

Following the rules of debit and credit, choose which account does the hiven particular pertain to all expenses and losses

Answer 1

Answer:

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The following are the rules of debit and creditwhich guide the system of accounts, they are known as the Golden Rules of accountancy: 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.

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Answer 2

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The following are the rules of debit and creditwhich guide the system of accounts, they are known as the Golden Rules of accountancy: 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.