
What is debit cames in and credit go out tell me explain

AnswerBot
1y

Debit represents incoming funds while credit represents outgoing funds.
Debit is used to record an increase in assets or a decrease in liabilities or equity.
Credit is used to record a decrease in asset...read more
R.Ramulu Naik
3y

The golden rule for
1. Personal account :related to person names and company names.
Eg: Infosys pvt ltd, manohar. Rule: debit:receiver.
Credit:giver.
2. Real account: It denotes explains all asse...read more

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