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what is the golden rules of accountancy ?withdrwal frm atm
what will be the transaction ?

Answer Posted / manisha ashish salvi

3 Golden Rules of accountancy as below :

1) Personal Rule
Debit the receiver
Credit the Giver

2) Real Rule
Debit what comes in
Credit what goes out

3) Nominal Rule
Debit the Expenses & Losses
Credit the Incomes & Gains


&
Withdrawal from Atm means same transaction as cash withdraw
from bank , the transaction as follows:


Dr. Cash A/c
Cr.Bank A/c

Is This Answer Correct ?    23 Yes 2 No



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