Select the most appropriate alternatives from the given below and rewrite the statement: Debit the receiver, Credit the ____________ - Book Keeping and Accountancy

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MCQ

Select the most appropriate alternatives from the given below and rewrite the statement:

Debit the receiver, Credit the ____________

Options

  • Goes out

  • Giver

  • Income and gains

  • Comes in

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Solution

Debit the Receiver, Credit the Giver.

Concept: Golden Rules of Debit and Credit (Traditional Approach)
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Chapter 2: Meaning and Fundamentals of Double Entry Book-Keeping - Exercises [Page 40]

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Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board
Chapter 2 Meaning and Fundamentals of Double Entry Book-Keeping
Exercises | Q 3. 8) | Page 40
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