Question

The rule for recording transactions in a Personal Account is:

Q: Answer-The rule for recording transactions in a Personal Account is:

This is the golden rule for Personal Accounts. When a person or entity receives something, their account is debited. When they give something, their account is credited.

A Debit what comes in, Credit what goes out

B Debit the receiver, Credit the giver

C Debit all expenses and losses, Credit all incomes and gains

D Debit the increase, Credit the decrease

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The rule for recording transactions in a Personal Account is:

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