Accounting Principles & Standards: 10-Question Practice Drill

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Accounting & Financial Management Basics, Accounting Principles & Standards

timer20:00

Question 1 of 10

Under the traditional Golden Rules of Accounting, how is a Personal Account treated?

Debit the giver, Credit the receiver

Debit what comes in, Credit what goes out

Debit the receiver, Credit the giver

Debit all expenses and losses, Credit all incomes and gains