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Categories  >>  Accounting  >>  Accounting AllOther
 
 
 
Question 
GOLDEN RULES OF ACCOUNTING
 Question Asked At :: HP, Transworld, Jp Morgan, Scope International, Bank Reconsilation Statment, ORACLE, ORACLE, Hwitt, Intel, Salary Payable In Which Accounts, Salary Payable Si Which Accounts, Hp, JP MORGAN, Flextronics, Ajsa, Zenpact, Personnal Account Rule, Tcs, Northern Transport, Uco,
 Question Submitted By :: dr. r.srinivasan
I also faced this Question!!     Rank Answer Posted By  
 
Answer
 
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

 		 Musaib
 
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