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GOLDEN RULES OF ACCOUNTING

D
Dr. Sanjay Hiran
20/03/2018 0 0

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 out
3. Nominal accounts : Debit expenses and losses & Credit incomes and gains

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3 GOLDEN RULES OF ACCOUNTING
ACCOUNTANCY- 3 GOLDEN RULES PERSONAL AC DEBIT the RECEIVER CREDIT the GIVER REAL AC DEBIT what COMES IN CREDIT what GOES OUT NOMINAL AC DEBIT all EXPENSES AND LOSSES CREDIT all INCOME AND GAINS
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