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What are the 3 Basic Rules in Accounting.
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Answer Posted / vinay
MAIN 3 IMPARTENT & SIMPLE THINGS
PRERSONAL A/C
Debit is reciver
credit is giver
REAL A/C
What come in cash,things ect.,is DEBIT
What goes out praofit & loss is CREDIT
NOMINAL A/C
All expenses and losses in DEBIT said
All income and gains in CREDIT said
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