golden rules of accounting?
how bank earn profit?
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Answer Posted / ilango
DEBIT THE RECEIVER AND CREDIT THE GIVER( Perosnal account)
DEBIT ALL EXPENSES AND LOSS AND CREDIT ALL INCOME AND GIANS
( Nominal accoutns)
DEBIT WHAT COMES IN AND CREDTI WHAT GOES OUT (Real
accoutns)
BANK EARN INCOME THORUGH INTEREST ON MONEY LENDING AND
OTHER SERVICE CHARGES
| Is This Answer Correct ? | 237 Yes | 13 No |
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