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Accounting golden rules?

Answer Posted / pooja rani

There is a 3 golden rules of accounting
1- Personal Account -debit the receiver * credit the giver
2- Real Account - debit what comes in * credit what goes
out
3- Nominal Account - DEBIT ALL EXPENSES AND LOSSES, CREDIT
ALL INCOMES AND REVENUES

Is This Answer Correct ?    22 Yes 1 No



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