World Languages, asked by ppriyat10, 15 hours ago

What is the golden rules for
accounting?​

Answers

Answered by midhunrnair04
1

Answer:

The sale account is a Nominal account and the Debtors Account is a Personal account. Hence the Golden Rule to be applied is: Debit the receiver. Credit the income or gain.

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Answered by ynikhileshreddygs110
1

Answer:

Debit the receiver, credit the giver.

Debit what comes in, credit what goes out.

Debit all expenses and losses and credit all incomes and gains

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