What is the rule of debit and credit
Answers
Answered by
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.
Answered by
0
Answer:
debit the receiverr and creadit the giver
Explanation:
hope it help uh freind
Similar questions