Golden rules of accounting
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Answer Posted / vishnu vardhan
REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES
PERSONAL ACCOUNTS DEBIT THE GIVER
CREDIT THE RECEIVER
| Is This Answer Correct ? | 5744 Yes | 2864 No |
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AN ESTIMATE OF ASSETS AND LIABILITIES ON AGIVEN DATE
