First, review the rule of personal a/c
Debit the receiver, credit the giver
When you give up your share in business to others then you receive money against it. Means you sold your share and the second party will give you the value of your share.
Then you are the receiver of money so your a/c debited
Second party is giver so his a/c credited.
You receive money against your loss,
Second party give money against his gain.
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