account
This query is : Resolved
31 January 2009
Basic rules of accounting.
Personal Account : Debit the receiver
Credit the giver
Real Account : Debit what comes in
Credit what goes out
Nominal Account : Debit all expenses and
losses
Credit all incomes and gains
Personal Account : Debit the receiver
Credit the giver
Real Account : Debit what comes in
Credit what goes out
Nominal Account : Debit all expenses and
losses
Credit all incomes and gains
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