CBSE Class 11-commerce Answered
acconts basic rule
Asked by sbhor8020 | 31 Aug, 2019, 02:47: PM
Expert Answer
The golden rules of accounting are as follows:
1. Personal Accounts: Debit the receiver, credit the giver.
2. Real Accounts: Debit what comes in, credit what goes out.
3. Nominal Accounts: Debit all expenses or losses and credit all incomes or gains.
Answered by Surabhi Gawade | 31 Aug, 2019, 07:11: PM
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