CBSE · Class 11 · Accountancy · Recording of Transactions - IThe rule for Real Accounts is:
Step-by-Step Solution
The rule for real accounts is 'Debit what comes in, credit what goes out'.
Detailed Options Breakdown
Option : Debit what comes in, credit what goes out (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 1: Debit the receiver, credit the giver
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Recording of Transactions - I.
Option 2: Debit all expenses, credit all incomes
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Recording of Transactions - I.
Option 3: Debit assets, credit liabilities
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Recording of Transactions - I.
💡 Study Guide: This question tests core syllabus concepts from Recording of Transactions - I. For formulas, key summaries, and mock exam reference guides, read the full Recording of Transactions - I Revision Notes.