Which Of The Following Is Not A Correct Rule Of Debits And Credits?

Which Of The Following Is Not A Correct Rule Of Debits And Credits?

Debits and credits are fundamental accounting terms used to record transactions in a double-entry bookkeeping system. The two major rules of debits and credits are that all debits must equal all credits, and the receiver of monetary value is debited and the giver of monetary value is credited. However, there are additional rules that help …

Which Of The Following Is Not A Correct Rule Of Debits And Credits? Read More »