Wednesday, June 30, 2021

Accounting Golden Rules

 

Golden Rules of Accounting


Personal Account

Debit the Receiver(Dr)

Credit the Giver(Cr)


 Real Account

 What Comes in Debit(Dr)

What Goes Out Credit (Cr)


Nominal Account

All Expenses And Losses Debit(Dr)

All Income And Gain Credit(Cr)

 

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