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What are accounting Principles?
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Answer Posted / pritish
ACCOUNTING PRINCIPLES ARE THREE TYPES:-
PERSONAL A/C:-DEBIT THE RECEIVER AND,CREDIT THE GIVER.
REAL A/C:-DEBIT WHATS COMES IN AND,CREDIT WHAT GOES OUT
NOMINAL A/C:-DEBIT ALL EXPENSES AND LOSSES,AND CREDIT ALL
INCOME AND GAINS.ALL IZZ WELL
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