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Categories >> Accounting >> Accounting AllOther
 
 


 

 
Question what are the golden rule of accounting.
 Question Asked At :: patni
 Question Submitted By :: mayankjain_243
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Answer Posted By  
 
Answer
There are three accounts
1. Personal
2. Real
3. Nominal

The three golden rules are
1. personal Account
Debit the receiver & Credit the giver

2. Real Account
Debit what comes in & credit what goes out

3. Nominal Account

Debit the expenses & Losses & Credit the Income & gain

Is This Answer Correct ?    274 Yes 6 No


 
  swati shinde
 
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