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In case of a Real Account, the general rule of accounting is:

358873Medium DSSSB TGT Computer Science 0 replies 0 views
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In case of a Real Account, the general rule of accounting is:
  • ADebit what comes in and credit what goes out
  • BDebit the giver and credit the receiver
  • CDebit the receiver and credit the giver
  • DDebit expenses or losses, credit incomes or gains
Correct answer: A

Explanation

For a Real Account (such as assets), the rule is "Debit what comes in and credit what goes out".
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