Golden 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.
Take Class 12 Tuition from the Best Tutors
The best tutors for Class 12 Tuition Classes are on UrbanPro
The best Tutors for Class 12 Tuition Classes are on UrbanPro