just simple question .wat are the three golden rules of accounts?
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- Lata
- 01 Dec
- 530819 Views
- 235 Answers
Your Answer
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Navnit
- 01 Dec
Real Accounting: Dr - What comes in Cr - What goes out Examples of this kind of transaction include cash/bank and rent. Personal Accounting: Debit is the receiver. Credit is the giver. An example of this kind of transaction is Vendor/Customer relations. Nominal Accounting: All gains and income are credit. All losses and expenses are debit. An example of this kind of transaction is sales and/or purchases.
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