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Ankit Gupta 327

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#commerce #Debit credit rule #knowledge

commerce - Quick Rules to Remember: Prepaid Asset 1, E Liability Outstanding Expense 2. ದ Accrued Income Asset 3. E Liability Advance Income Unearned 4. Drawings reduce Capital, Interest on 5, Drawings increases Capital 6. Depreciation = Asset minus + P&L Debit Free Samples = P&L Abnormal Loss 7. Debit Quick Rules to Remember: Prepaid Asset 1, E Liability Outstanding Expense 2. ದ Accrued Income Asset 3. E Liability Advance Income Unearned 4. Drawings reduce Capital, Interest on 5, Drawings increases Capital 6. Depreciation = Asset minus + P&L Debit Free Samples = P&L Abnormal Loss 7. Debit - ShareChat