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Golden rules of accounting
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Answer Posted / aditya prakash
Real A/C -
1.Debit what comes in
2.Credit what goes out.
Nominal A/C -
1.Debit all expenses and losses(revenues)
2.Credit all income and gains.
Personal A/C -
1.Debit the giver
2.Credit the receiver.
| Is This Answer Correct ? | 3 Yes | 0 No |
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