what are the rules to record journal entries??
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Explanation:
- 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.
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hi aashutosh
I am fine
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