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What are the 3 Basic Rules in Accounting.

Answer Posted / suhasini modagi

According to me whatever answer posted above is not correct
because, they have highlighted basic principals of
accounting and not rules of accounting.
total assests: Liab+Capital
Total Liab: Capital -Assests
Capital: Equity+liab(Borrowed Capital)

Is This Answer Correct ?    175 Yes 65 No



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