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Basic accounts principles

Hema B.

27/11/2019 0 0

Debit the receiver

Credit the giver

Debit what comes in

Credit what goes out

Debit all expenses and losses

Credit all income and gains

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GOLDEN RULES OF ACCOUNTING

Rules of debit and credit 1. Personal accounts : Debit the receiver & Credit the giver (supplier)2. Real accounts : Debit what comes in & Credit what goes out3. Nominal accounts : Debit expenses and losses & Credit incomes and gains

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Introduction To Accounting: Part 19: Verifiable Objective Concept

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