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venodyadav


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Question { ABC, 198744 }

Examples each for golden rules of accounting


Answer

PERSONAL ACCOUNT
DEBIT : THE RECEVIER
CEDIT : THE GIVER

REAL ACCOUNT

DEBIT : WHAT COMES IN
CREDIT : WHAT GOES OUT

NOMINAL ACCOUNT

DEBIT : EXPENES OR LOSS
CREDIT : INCOME OR GAINS

Is This Answer Correct ?    1521 Yes 59 No