Interview Questions Answers in Accounting AllOther

jyoti ranjan jena

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Question { ABC, 592964 }

What are the 3 Basic Rules in Accounting.

Answer

1-personal a/c

dedit what comes in
credit what goes out

2-real a/c

debit the receiver
credit the giver

3-nominal a/c

debit all expenses and losses
credit all incomes and gains

Is This Answer Correct ?

20 Yes

6 No