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Rules for Journal Entries

09/03/2017 0 0 View Comments

Five golden Rules for journal Entries:

1) Increase in expenses debit decrease in expence credit,
2) Increase in income credit decrease in income debit,
3) Increase in assets debit decrease in assets credit,
4) increase in liability credit decrease in liability debit,
5) increase in capital credit decrease in capital debit.

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