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What are the 3 Basic Rules in Accounting.
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Answer Posted / devraj
Personal A/c
Debit;Receiver of the benefit,
Credit;Giver of the benefit,
Real A/c
Debit;All asset comes in,
Credit;All asset goes out,
Nominal A/c
Debit;All expenses & Loses
Credit;All profit & gains
| Is This Answer Correct ? | 22 Yes | 2 No |
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