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Answer Posted / parisa siva koteswara rao
Three are two golden rules in accountings
1.Personal account
2.impersonal Account
impersonal account again two rules
1 real account
2.nominal account
personal account means:
Debit the receiver, credit the giver
Real account means:
Debit what comes in., Credit what goes out
Nominal account means:
Debit all expenses and losses,credit all incomes and
gains
| Is This Answer Correct ? | 36 Yes | 10 No |
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