Question

rules of debit and credit​

Answer 1

Answer:

dr. what come in

cr. what goes out

Explanation:

hope its helpful

Answer 2

Answer:

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

1. First: Debit what comes in, Credit what goes out.
2. Second: Debit all expenses and losses, Credit all incomes and gains.
3. Third: Debit the receiver, Credit the giver.