Debit the receiver credit the giver rule for
A)Real a/c
B)Personal a/c
C)Nominal a/c
D)None of these

Name: Debit the receiver credit the giver rule for A)Real a/c B)Personal a/c C)Nominal a/c D)None of these
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Question

Quizplus · Accepted Answer

The "Debit the receiver, credit the giver" rule applies to Personal accounts. This rule means that when a person (or entity) receives something, their account is debited, and when a person (or entity) gives something, their account is credited.

Debit the Receiver Credit the Giver Rule for