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What are accounting Principles?

Answer Posted / a. koteeswari

Accounting principles is Three types
1. Personal Account

Ex: Debit the reciver
Cridit the giver

2. Real Account

Ex: Debit what comes in
Credit what goes out

3. Nominal Account

Ex: Debit All Expenses and Losses
Credit All gains and incomes.

Is This Answer Correct ?    4 Yes 1 No



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