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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
Three are two golden rules in accountings
1.Personal account
2.impersonal Account
impersonal account again two rules
1 real account
2.nominal account
personal account means:

Debit the receiver, credit the giver
Real account means:

Debit what comes in., Credit what goes out
Nominal account means:
Debit all expenses and losses,credit all incomes and
gains

Is This Answer Correct ?    35 Yes 6 No


 
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