Question

When do we credit and debit

Answer 1

acc. to golden rule

for personal accounts,
debit is the receiver
credit is the giver

for real accounts,
debit what comes in
credit what goes out

for nominal accounts
debit all expenses and losses
credit all incomes and gains


Hope you know what are personal real and nominal accounts...
I not ask me...
I will help you out...
hope it helps:)

Answer 2

Refer Golden rules of accounting