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when we debit any party in our account?

Question Posted / deepak choudhary

Answer Posted / deepak choudhary

as per the golden rules of accounting -personal account specifically states that debit is the receiver $ credit is the given which means if we sell any commodity or our services to any person then that person will be debited in our accounts as a receiver of that services...$ that person or party can also be termed as our "debtor"

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