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prabakaran

{ City } chennai
< Country > india
* Profession * assistant accountant
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PURCHASE OF FIXED ASSETS THAT PURCHASE TO CLAIM THE VAT PAYMENT ?

4 Taxation 16973

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Question { Accenture, 710300 }

Golden rules of accounting

Answer

PERSONAL A/C : debit the receiver
credit the giver

Nominal A/C :debit the all expenses and losses
credit the all income and gain

REAL A/C : debit what comes in
credit what goes out

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