Accountancy, asked by chiraggupta61, 1 year ago

what is debit and credit in all case?

Answers

Answered by YogeshGandhi2002

Debit and credit have different uses on different accounts
1.Personal Account
Debit the receiver
credit the giver

2.Real Account
Debit what comes in
Credit what goes out

3.Nominal Account
Debit all the expenses and loses
Credit all incomes and gains

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