Accountancy, asked by srivastavanaman963, 8 months ago

golden rules of accounting? plz anyone

Answers

Answered by f4Faizan

5

Explanation:

Debit the receiver and credit the giver. The rule of debiting the receiver and crediting the giver comes into play with personal accounts. ...

Debit what comes in and credit what goes out. For real accounts, use the second golden rule. ...

Debit expenses and losses, credit income and gains.

Answered by Anonymous

10

Explanation:

Debit the receiver and credit the giver. The rule of debiting the receiver and crediting the giver comes into play with personal accounts. ...

Debit what comes in and credit what goes out. For real accounts, use the second golden rule. ...

Debit expenses and losses, credit income and gains.

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