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Which should be Debited in Accounting Journal Entries?

Which should be debited and which should be credited in accounting journal entries? - Rama Krishna


It depends totally which transaction you are recording in the form of journal entries. Every transaction is unique. But it will follow the three basic rules of debit and credit. If transaction refers the personal accounts, then debit is the receiver and credit is the giver. If transaction refers the real account, then debit is what comes in and credit is what goes out. If transaction refers the nominal account, then debit all the losses and expenses and credit all the incomes and gains. For better understand of debit and credit in journal entries, you should buy our written Journal Entries Made eBook which is  in simple word.

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Accounting ! Answers: Which should be Debited in Accounting Journal Entries?
Which should be Debited in Accounting Journal Entries?
Accounting ! Answers
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