أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
Debit the Receiver
Credit the Giver
Real Account – These are asset accounts that appear in the Balance Sheet. They are referred to as Real Account (or Permanent Accounts) as these are owned by businesses and the balances in these accounts at the end of an accounting period will be carried over to the next period. Ex: Cash Account, Land Account, Building Account etc.
Rules of Accounting:
Debit what comes in
Credit what goes out
Nominal Account – These are accounts of expenses and losses which a business incurs and income & gains which a business earn in the course of business. Ex: Rent Account, Interest Account.
Rules of Accounting:
Debit all expenses and losses
Credit all income and gains
