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What are the 3 Basic Rules in Accounting.
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Answer Posted / rakesh
#1 Personal A/C
Debit the receiver
Credit the giver
#2 Real A/C
Debit what comes in
Credit what goes out
#3 Nominal A/c
Debit all the Exp. & losses
Credit all the income & gains
| Is This Answer Correct ? | 22 Yes | 1 No |
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