Double entry bookkeeping follows the principle according to which every debit has a corresponding credit; hence total of all debits is always equal to the total of all credits. In this system, one account is debited and at the same time another account is credited by the similar amount.

Following are the rules for different account

☛ For Personal Accounts : Debit the receiver, Credit the giver.

☛ For Real Account : Debit what comes in, Credit what goes out.

☛ For Nominal Account : Debit all the expenses, Credit all the incomes.