Rules of Debit and Credit
Commerce ⇒ Accountancy
Rules of Debit and Credit starts at 11 and continues till grade 12.
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Describe the rule for debiting and crediting a liability account.
Explain the difference in the rules of debit and credit for Real and Nominal Accounts.
Explain the rule of debit and credit for Real Accounts.
Explain why capital is credited when introduced in the business.
Explain why expenses are debited in Nominal Accounts.
State the effect of increase in liability on the account.
State the rule of debit and credit for Nominal Accounts.
State the rule of debit and credit for Personal Accounts.
When a liability increases, which side is affected?
Which side is debited when an expense is incurred?
