Tell me about Debit credit golden rules
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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
Anonymous
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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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