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What are accounting Principles?
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Answer Posted / shyam manoj kumar
Accounting Principles:
Basically there are three accounting principle
1)Personal Accounting
2)Real Accounting
3)Nominal Accounting
Personal Account:Debit the received,credit the giver
Real Accounting: Debit what comes in,credit what goes out
Nominal Accounting :Debit all losses and expenses credit
all gains and incomes
| Is This Answer Correct ? | 9 Yes | 19 No |
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