Rule of personal Account?

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What are the golden rules of accounting?
Posted by:
Mohammed El Tahir Mohammed Yousif
06-September-2017

Personal Impact Accounting

Question added by prakash giri Madan lal giri
Date Posted: 2015/07/07

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2 Answers

lakshminarasimham mallareddi

by lakshminarasimham mallareddi , Manager Finance & Accounts , M/s. Vandana Global Limited, Raipur, Chhattisgarh

Debit the receiver & Credit the giver in double accounting system.

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by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

Personal A/c means : debit the receiver & credit the giver.

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