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What are the 3 Basic Rules in Accounting.
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Answer Posted / dhanalakshmi
1. personal accounts:
DEBIT The Receiver.
CREDIT THE Giver.
2. Real accounts :
DEBIT what comes In.
CREDIT what Goes OUT.
3. Nominal accounts :
DEBIT The All Expenses and Lossess.
credit The All Incomes and Goins .
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