Which account is also called goods account and why?
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Heya user!
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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Heya user!
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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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