These rules are shown below: Personal Account Deoit the receiver or who owes to business Credit the giver cr to whom business owes Real Account Depit what comes into business Credit what goes cut of business Nominal Account Debit all expenses or losses Credit cll income or gains Illustration 3. Ascertain the debit and credit from the to lowing particulars under Mcdern Approach. (a) Started business with capital. (b) Bought goods for cash. (c) Sold goods for cash. (d) Paid salary (e) Received Interest on Investment. (f) Bought goods on credit from Mr. Y (9) Paid Rent out of Personal cash