Golden rules of accounting
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Answer Posted / jayashree satish poojary
GOLDN RULES OF ACCOUNTING:
1. REAL A/C-DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
2. NOMINAL A/C-DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND GAINS
3. PERSONAL A/C-DEDIT THE RECEIVER
CREDIT THE GIVER
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