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What are the 3 Basic Rules in Accounting.
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Answer Posted / lalitha kumari
Personal Account
Real Account
Nominal Account
Personal Account:
Debit the receiver
Credit the giver
Real Account:
Debit what comes in
Credit What goes out
Nominal Account:
Debit all expenses and loses
Credit all incomes and gains
| Is This Answer Correct ? | 2 Yes | 0 No |
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