personal accounts --gt debit the benefit receiver
Personal accounts --> Debit the benefit receiver, credit the benefit giver
Real accounts --> Debit what comes in, credit what goes out Nominal Accounts --> Debit all expenses and losses, credit all incomes and gains
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are non-profit and governments required to depreciate assets why or why not would it make sense for them to use double declining balance is there
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personal accounts --gt debit the benefit receiver credit the benefit giverreal accounts --gt debit what comes in credit what goes out nominal
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