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Rules of Accounting

S
SAHIL COMMERCE CENTRE
08/04/2018 0 0

Personal Account-

Debit the receiver

Credit the giver.

 

Real Account-

Debit what comes in

Credit what goes out

 

Nominal Account-

 Debit all expenses and loss

Credit all incomes and gain

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Rules of debit and credit
Personal account: Debit the receiver and credit the giverReal account: Debit what comes in and credit what goes outNominal account: Debit all expenses & losses and credit all incomes & gains
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