Question

Write the rule of Personal account. for 1 mark​

Answer 1

Answer:

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Explanation:

The Golden Rules of Accounting

Debit The Receiver, Credit The Giver. This principle is used in the case of personal accounts. ...

Debit What Comes In, Credit What Goes Out. This principle is applied in case of real accounts. ...

Debit All Expenses And Losses, Credit All Incomes And Gains.