Answer Posted / a. shaik alaudeen

There are three types of accounts:

1) Personal Account:
Debit the receiver, Credit the giver.
2) Real Account:
Debit what comes in, Credit was goes out.
3) Nominal Account :
Debit all the expenses and losses and credit all the
incomes and gains...

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Short Answer on ______Budget

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Provision of Bad Debts is made in compliance with the convention of -----------

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