What are the 3 Basic Rules in Accounting.
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Answer Posted / manish kumar shukla
PERSONAL ACCOUNT:- DEBIT THE RECEIVER AND
CREDIT THE GIVER.
REAL ACCOUNT :- DEBIT WHAT COMES IN AND
CREDIT WHAT GOES OUT.
NOMINAL ACCOUNT :- ALL EXPENSES OR LOSSES ARE DEBITED
AND ALL THE INCOMES AND GAINES
ARE CREDITED
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