Golden rules of Debit credit – second rules
Written by

Golden rules of Debit credit – second rules

In simple word, Debit means the amount reduce from your account and Credit means the amounts credited in your account. For example- when A Person gives loan to another person,the loan given is  an asset to the giver because it generate income for  him. So it has to be debited and  cash account has to […]

March 7, 2011 0