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what is main rule of accounting?
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Answer / harish kumar
Rule of accounting :-
1. For Personal Account :
DEBIT THE RECEIVER,
CREDIT THE GIVER.
2. For Real Account :
DEBIT WHAT COMES IN,
CREDIT WHAT GOES OUT.
3. For Nominal Account :
DEBIT ALL EXPENSES AND LOSSES,
CREDIT ALL INCOMES AND GAINS.
| Is This Answer Correct ? | 37 Yes | 0 No |
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