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Golden rules of accounting
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Answer Posted / prasathmani
PERSONAL A/C
DEBIT IS THE RECIVER
CREDIT IS THE GIVER
REAL A/C
DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL A/C
DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND GAINS
| Is This Answer Correct ? | 10 Yes | 2 No |
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