Journal Entries of Accounting (Solved PDF with HOTS Questions)

                     TRADITIONAL RULES OF JOURNAL ENTRIES

1.                Real Accounts : Debit what comes in, Credit what goes out
2.                Nominal Accounts : Debit all Losses and Expenses, Credit all Gains and Incomes
3.                Personal Accounts : Debit the Receiver, Credit the Giver 

Journal Entries through Accounting Equation

Capital + Liabilities = Assets