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wat is the golden rule of accounting

Answer Posted / rajender reddy.k

THERE ARE THREE GOLDEN RULES OF ACCOUTING:
1.PERSONAL A/C: In which debit the receiver and credit the
giver.
2.REAL A/C:Debit what comes in and Credit what goes out.
3.NOMINAL A/C:Debit all expenses and losses and Credit all
incomes and gains

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