Assam ASSEB HSLC Elective Commerce Practice Questions - Assam ASSEB HSLC Class 10 Elective Commerce Examination (SEBA ASSEB 2026) Exam

Under the Golden Rules of Accounting, what is the rule for Personal Accounts?

Debit what comes in, Credit what goes out Debit the receiver, Credit the giver Debit all expenses and losses, Credit all incomes and gains Debit all liabilities, Credit all assets

Correct Answer:

Debit the receiver, Credit the giver

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