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Explain "debit what comes in credit what goes out"
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Answer Posted / upender. a
Ofcorse it is the rule of Real a/c.
that Debit What comes in & Credit What goes out.
Ex : if u purchased a furniture and paid Cash, then journal entry is:
Furniture A/c.__________ Dr
To Cash Ac.
Here u r getting the furniture (what comes in)
and u r paying the cash. (what goes out)
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