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  • 7/23/2019 Rules of Debit Credit

    1/1

    Debit all expense & losses

    Credit all incomes & gains

    Nominal

    Debit what comes in

    Credit What goes out

    Real

    Debit the Receiver

    Credit the Giver

    Personal

    R u l es o f D eb i t

    & C r ed i t

    All persons with whom

    the business deals.

    Relates to tangible &

    intangible things (relatedto assets & liabilities)

    Includes all

    expenses/losses &

    incomes/gains

    copyright 2010 dineshbakshi.com


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