what are the three basic acounting principles.what is
account reconcilliation.what is portfolio management
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Answer Posted / srikara
There are three basic rules in accountancy, they are
1. personal a/c
Debit the receiver and credit the giver
2. real a/c
Debit what comes in credit what goes out
3. Nominal a/c
Debit all expences and credit all incomes
Reconcilation is a method of reconciling are rectifying
the entries made in the pass book with the help of
transactions recorded in the bank a/c maintained by us
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