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What are the 3 Basic Rules in Accounting.
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Answer Posted / n.kalavathi
1.Personal A/c:
1.Debit the receiver
2.Credit the giver.
2.Real A/c:
1.Debit what comes in
2.Credit what goes out.
3.Norminal A/c:
1.Debit all expenses and loss
2.Credit all incomes and gains.
| Is This Answer Correct ? | 34 Yes | 1 No |
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