Debit the receiver credit the giver rule for ........

Accountancy (Phase -I & II) Accounting cycles

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Debit the receiver credit the giver rule for

Real a/c

Personal a/c

Nominal a/c

None of these

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Explanation:

"Debit the receiver, and credit the giver" is a golden rule for Personal A/c. Personal accounts are the accounts for individual, firms, companies etc. By debit the receiver means the person who is receiving goods on credit will be debited and the person who is giving will be credited.