alleryStart learning →Which golden rule applies to real accounts?
ADebit what goes out, credit what comes in
BDebit what comes in, credit what goes out
CDebit the receiver, credit the giver
DDebit expenses, credit incomes and gains
Answer & Solution
Correct answer: B. Debit what comes in, credit what goes out
Real accounts hold assets, so whatever enters the business is debited and whatever leaves is credited.
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