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what is the golden rules of accounting?
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Answer Posted / m.venky
there are 3 main golden rules in accounting. there are
1. personal account: giver is credit
receiver is debit
2. real account: what comes in - debit
what goes out - credit
3. nomincal account: all expences and losses - debit
all incomes and gains - credit
| Is This Answer Correct ? | 8 Yes | 2 No |
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