Tell me about Debit credit golden rules
AnswerBot
1y
Debit credit golden rules are principles that guide the recording of financial transactions in accounting.
Debit the receiver, credit the giver: When an asset is received, it is debited, and when an as...read more
Anil Kumar
1mo
This debit means deducted and credit means received this any payment, file and any other items
Anonymous
author
2y
Real Account - Debit what comes in and Credit what goes out.
Personal Account - Debit the receiver and Credit the giver.
Nominal Account - Debit all Expenses & Losses and Credit all income & gains
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