What are the golder rules of Accounts ?
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Answer Posted / great
In accounting you allways debit what comes to you and
credit what goes out.
1. credit all expenses and debit all incomes.
2.Debit the acquisition of all properties and credit the
selling of all properties.
3.Debit the giver and credit the receiver.
| Is This Answer Correct ? | 9 Yes | 7 No |
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