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Following the rules of debit and credit, choose which account does the hiven particular pertain to all expenses and losses |
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Answer» ________________________________The following are the rules of debit and creditwhich GUIDE the system of ACCOUNTS, they are known as the GOLDEN Rules of ACCOUNTANCY: First: Debit what comes in, Credit what goes out. Second: Debit all expenses and losses,Credit all incomes and gains. Third: Debit the receiver, Credit the GIVER.________________________________ |
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