Question

Rule of journalizing

Answer 1

The rules are also known as rules of debit and credit. There are two alternative rules of journalizing but the both rules give the same result.

Answer 2

Just follow 3 rules
In case of real account 'debit what comes in, credit what goes out'
In case of nominal account 'debit all expenses and losses, credit all income and gains'
In case of personal account' debit the receiver, credit the giver'


Hope this answer is useful for you.