Golden rules of accounting
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Answer Posted / safil
DEBIT CREDIT
PERSONAL A/C : 1) A PERSON BECOMES OUR 1)A PERSON BECOMES OUR
DEBTOR CREDITOR
2) WHEN A PERSON CESES 2)WHEN A PERSON CESES
TO BE OUR CREDITOR TO BE OUR DEBTOR
REAL A/C : 3) WHAT COMES IN 3) WHAT GOES OUT
NOMINAL A/C : 4) EXPENSES & LOSES 4) INCOME & GAIN
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