accounting rules

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accounting rules..

Answer / mani

Personal A/c.: Debit - the Receiver, Credit - the Giver.


Real A/c.: Debit - What comes in, Credit - What goes out.


Nominal A/c.: Debit - All expenses and losses
Credit - All incomes and gains

Is This Answer Correct ?    5 Yes 0 No

accounting rules..

Answer / vishwanath k

Personal A/c: Debit What Comes in Credit What goes out
Real A/c: Debit the Receiver And Credit the Giver
Nominal A/c: Debit expences and losses Credit incomes and
Gains

Is This Answer Correct ?    7 Yes 5 No

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