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What are the golder rules of Accounts ?

Answer Posted / dpbiswal

RULE 1 : Debit the Receiver, Credit the Giver.

RULE 2 : Debit what comes in, Credit whatgoes out.

RULE 3 : Debit all expenses & losses,
Credit all incomes & gains.

Is This Answer Correct ?    379 Yes 15 No



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