Golden rules of accounting
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Answer Posted / raj kumar jha
To Start the a/c one should know this Golden Rule.
Golden Rule
Real A/c - Debit What Comes in
Credit What Goes out
Personal a/c - Debit the receiver
Credit the giver
Nominal A/c - Debit all expences and losses
Credit all income and gain.
If this rule is clear to any one he/she will never do
mistake in ledger and journal posting.
| Is This Answer Correct ? | 4 Yes | 1 No |
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