My grammar is 💯 good I
7296 Points
Joined March 2019
- Debit the receiver and credit the giver - personal
- Debit what comes in and credit what goes out- real
- Debit expenses and losses, credit income and gains- nominal
the easiest way toidentify is,
salay- nominal account, here it is expense, so debited
payables- real account, it is creditor, so what goes out.
Like this, every line item can be identified.