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Golden rules of accounting
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Answer Posted / eswar
Golden Rules of Accounting
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
| Is This Answer Correct ? | 19 Yes | 3 No |
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a) What are the Golden Rules of Accounting? What are the 14 Principles of Accounting
