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What are the 3 Basic Rules in Accounting.
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Answer Posted / pallavi borhade
personal a/c - debit the receiver
credit the giver
Real a/c - debit what comes in
Credit what goes out
nominal a/c - Debit all the Expenses & Losses
Credit all the Incomes & Gains.
| Is This Answer Correct ? | 4 Yes | 0 No |
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