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Rules of Accounting - NCERT answers - XI - Accounts - Ch 3 -

Best Coaching Class Notes by admin (#1) 275 days ago (Article)
MyCoachingHub Free online coaching notes for CBSE Class XI - Accounts.
Rules of accounting - there are 3 golden rules of accounting:
1. Debit what comes in, credit what goes out (This applies to the real accounts)
2. Debit the receiver, credit the giver ( applies to personal accounts)
3. Debit all expenses and losses and credit all incomes and gains (for nominal accounts)
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