Question

what are the Golden rules in cash book​

Answer 1

Explanation:

To apply these rules one must first ascertain the type of account and then apply these rules.

Debit what comes in, Credit what goes out.

Debit the receiver, Credit the giver.

Debit all expenses Credit all income.

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.

Answer 2

Answer:

• Debit what comes in, Credit what goes out
• Debit the receiver, Credit the giver
• Debit all expenses Credit all income

Explanation:

Cash Book - This book keeps a record of day-to-day cash receipts and payments, showing cash balance at the end of the day or month.