What are the 3 Basic Rules in Accounting.
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Answer Posted / vijay pangudwale
Three types of rule:
1) Personal Account
"Debit the receiver
Credit the giver"
2) Real Account
"Debit what comes in
Credit what goes out"
3) Nominal Account
"Debit all expenses and losses
Credit all incomes and gains"
I learn this three rule of accounting
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