Question

What is the rule of debit and credit

Answer 1

Answer:

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.

Answer 2

Answer:

debit the receiverr and creadit the giver

Explanation:

hope it help uh freind