Write rules of debit and credit.

    प्रश्नकर्ता pairi
    Participant
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  • उत्तर
    उत्तरकर्ता Shivani
    Participant

    For a personal account,

    • Debit the Receiver, Credit the Giver

    For the real account,

    • Debit what comes in, credit what goes out.

    For the nominal account,

    • Debit all expenses/losses, credit all income/gains.

    How do these rules work?

    • A debit increases the balance
    • A credit decreases the balance.
    • Debit is denoted by the Dr.
    • Credit is denoted by the Cr.
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