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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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