RULES OF DOUBLE ENTRY SYSTEM PERSONAL A/C - DR. THE DEBTOR CR. THE CREDITOR REAL A/C - DR. WHAT COMES IN CR. WHAT GOES OUT NOMINAL A/C - DR. ALL EXPENSES AND LOSSES CR. ALL INCOMES AND GAINS PRACTICAL QUESTIONS CASH BORROWED FROM KAPIL RS. 10,000 CASH A/c TO KAPIL MONEY LENT TO SACHIN RS. 2,000 SACHIN A/c TO CASH A/c FURNITURE PURCHASED RS. 1,000 FURNITURE A/c TO CASH A/c GOODS PURCHASED RS. 3,000 PURCHASES A/c TO CASH A/c SALARY PAID TO VERU RS. 500 SALARY A/c TO CASH A/c
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