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Golden rules of accounting
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Answer Posted / praveen kumar
Golden Rules Debit and Credit of Personal and Impersonal
accounts are called golden rule.
Personal A/C: Debit the Received
Credit the Giver
Real A/C: Debit What Comes In.
Credit what Goes Out.
Nominal A/C: Debit all expenses and lossed
Credit all Incomes and Gains
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