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What are the 3 Basic Rules in Accounting.

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What are the 3 Basic Rules in Accounting...

Answer / ajinath phuke

Personal a/c
Debit the recevier
Credit the giver

Nominal a/c
debit all expences &loss
Credit all incom& gains

Real a/c
debit what come in
Credit what goes out

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What are the 3 Basic Rules in Accounting...

Answer / kailasam

Personal A/c
Dr:-"Debit the receiver
cr:-credit the giver"

Real A/c
Dr:-"Debit what comes in"
cr:-"credit what goes out"


Nominal a/c
Dr:-"Debit all expenses and lossess
cr:-credit all incomes and gains"

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What are the 3 Basic Rules in Accounting...

Answer / mahesha c

1) personal accounts
Debit is the receiver.
Credit is the giver.
2)Real accounts
Debit what comes in.
Credit what goes out.
3)nominal accounts
Debit all expenses & losses.
Credit all income & gains.

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What are the 3 Basic Rules in Accounting...

Answer / sujeet

what type ac in real ac nominal ac personal ac
1 1

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What are the 3 Basic Rules in Accounting...

Answer / funny sharma

1+2X0=
1+4+4+4+4+4-2X0-1+4=
0X10+5+5-0+5=

ITS REAL ACCOUNT

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What are the 3 Basic Rules in Accounting...

Answer / weldon vel

#ACCOUNTING RULES#

PERSONAL ACCOUNT:
Debit the receiver.
Credit the giver.
REAL ACCOUNT:
Debit what comes in.
Credit what goes out.
NOMINAL ACCOUNT:
Debit all expenses and losses.
Credit all incomes and gains.

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What are the 3 Basic Rules in Accounting...

Answer / mohammed mubasheer ali khan

Golden rules of accounting
1)personal a/c
2)nominal a/c
3)real a/c

PERSONAL A/C: debit is the receiver
credit is the giver


real a/c:What comes in ------ Dr
What goes out----- Cr

nominal a/c :All expenses and losses--Dr
All income and gains-------Cr

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What are the 3 Basic Rules in Accounting...

Answer / ruksar khan

1) ASSETS = liabilities + Capital

2) what comes in DR.
what goes out CR.

3) Debit all exp&loss and credit all incomes and gains

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What are the 3 Basic Rules in Accounting...

Answer / abhijeet yadav

1.Real Account
what comes in Dr
what goes out Cr

2.Personal Account
Reciver is Dr
Giver is Cr

3.Nominal Account
All Expenses Dr
All incomes Cr

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What are the 3 Basic Rules in Accounting...

Answer / akshata

Personal A/C - Dr. the receiver
Cr. the giver
Real A/C - Dr. what comes in
Cr. what goes out
Nominal A/C - Dr. all expenses & losses
Cr. all income & gains

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