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What are the basic rules in accounting.

Answer Posted / vaishali

in account three account are very importanat & there rules
as follows:

Real : 1-Debit what comes in
2-Credit what goes out
Personal : 1-Debit the giver
2-Credit the receiver
Nominal : 1-Debit Expences & Losses
2-Credit Income & Gain

Is This Answer Correct ?    8 Yes 4 No



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