About account golden rule

Question

Accepted Answer

1.real account - debit what comes into business and credit what goes out from business. 2.Personal account -debit the receiver and credit the giver. 3. Nominal account -debit the expenses and losses and credit the income and gain of the business.

Accepted Answer

1.real account - debit what comes into business and credit what goes out from business. 2.Personal account -debit the receiver and credit the giver. 3. Nominal account -debit the expenses and losses and credit the income and gain of the business.

Accepted Answer

1.real account - debit what comes into business and credit what goes out from business. 2.Personal account -debit the receiver and credit the giver. 3. Nominal account -debit the expenses and losses and credit the income and gain of the business.