What are the 3 Basic Rules in Accounting.
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Answer Posted / siddu
1.Personal a/c
debit the reciever
credit the giver
2.Real a/c
debit what comes in
credit what goes out
3.Nominal a/c
debit all expenses and losses
credit all incomes and gains
| Is This Answer Correct ? | 134 Yes | 15 No |
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