what is the rule of debit and credit.
Plz detail answer.
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Answer Posted / suriganesh_mp
IN PERSONAL ACCOUNT
DEBIT THE RECEIVER
CREDIT THE GIVIR
IN REAL ACCOUNT
DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
IN NOMINA ACCOUNT
DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND GAINS
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