What comes in is to be debited, what goes out is to be credited.
A)Rules of Personal
B)Rules of Real
C)Rules of Nominal
D)All of these

Question

Quizplus · Accepted Answer

This statement specifically refers to the "Rules of Real" accounts in accounting, where real accounts are assets accounts. According to these rules, when an asset comes into the business (an increase in assets), it is debited, and when an asset goes out of the business (a decrease in assets), it is credited.

What Comes in Is to Be Debited, What Goes Out