Question

state the rules of debit and credit to capital ​

Answer 1

Answer:

The answer is :

Explanation:

The following are the rules of debit and credit which guide the system of accounts, they are known as the Golden Rules of accountancy: First: Debit what comes in, Credit what goes out. Second: Debit all expenses and losses, Credit all incomes and gains. Third: Debit the receiver, Credit the giver.

Hope it helped you ✌✌✌

Answer 2

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) Debit what comes in, Credit what goes out.

2) Debit all expenses and losses, Credit all incomes and gains.

3) Debit the receiver, Credit the giver.