Rules of debit and credit
1. Personal accounts : Debit the receiver & Credit the giver (supplier)
2. Real accounts : Debit what comes in & Credit what goes out
3. Nominal accounts : Debit expenses and losses & Credit incomes and gains
Take Class 11 Tuition from the Best Tutors
The best tutors for Class 11 Tuition Classes are on UrbanPro
The best Tutors for Class 11 Tuition Classes are on UrbanPro