3 responses

  1. naveen k
    September 22, 2010

    GOLDEN RULES OF ACCOUNTING

    REAL ACCOUNTS DEBIT WHAT COMES IN
    CREDIT WHAT GOES OUT

    NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
    CREDIT ALL INCOMES AND REVENUES

    PERSONAL ACCOUNTS DEBIT THE GIVER
    CREDIT THE RECEIVER

  2. GODGIFT
    September 22, 2010

    DEBIT the receiver . CREDIT the Giver

  3. pradnya m
    September 22, 2010

    Debit means the amount deduct from your account and credit means
    the amounts credited in your account

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