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What are the 3 Basic Rules in Accounting.
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Answer Posted / md. irshad alam
Personal Account
Debit the receiver and credig the giver.
This rules apply in Personal account. Like- Bank Account,
RAj Account.
etc.
Real Account
Debit what comes in and credit that goes out.
Nominal Account
Debit all expenses and credit all incomes.
example.-rent a/c, staff a/c. petrol a/c, conveyance a/c,
interest a/c, discoount a/c etc.
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