Accountancy, asked by moxa20shah, 8 months ago

Identify the wrong accounting rule .

A. Nominal Account: Debit all expenses and losses
B. Real Account: Credit what comes in
C. Nominal Account: Credit all incomes and gains
D. Personal Account: Debit the receiver

Answers

Answered by siddharthgoswami789
2

Explanation:

3 golden rules of accounting are: in personal account -the rule is debit the receiver credit the giver. rule in real account -debit what comes in credit what goes out. nominal account -debit all expenses and losses, credit all income and profits.

Answered by LEGEND778
0

Answer:

C. Nominal Account: Credit all incomes and gains

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Explanation:

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