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Categories >> Accounting >> Accounting AllOther
 


   

 

Question what are the golden rule of accounting.
 Question Asked In Companies :: Patni,     < I also faced this Question! >
 Question Submitted By :: mayankjain_243
  Answer Posted By  
 
Answer
1. PERSONAL
2. REAL
3. NOMINAL

PERSONAL - DEBIT THE RECEIVER
CREDIT THE GIVER

REAL - DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT

NOMINAL - DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND GAINS

Is This Answer Correct ?    35 Yes 4 No


 
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