Question

Golden rule 1: "debit the receiver, credit the giver" applies to which account ?

Answer 1

Every golden rule denote each nature of account .

• Personal account - debit the receiver , credit the giver

• Real A/c -debit what comes in , credit what goes out

• Nominal A/c -debit all the expenses and losses , credit all the incomes and gains

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As per the question above and provisions

Golden rule 1: "debit the receiver, credit the giver" applies to personal A/c

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Answer 2

Answer:

NORMAL ACCOUNT

Explanation: