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What are the 3 Basic Rules in Accounting.
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Answer Posted / visheshwer pratap singh
there are mainly 2 types of a/c
1 - PERSONAL A/C
2- IMPERSONAL A/C
1- personal a/c-
debit the reciever & credit the giver
2-IMPERSONAL A/C- there are two types of a/c
[A] real a/c-
debit what comes in & credit what goes out
[B] nominal a/c-
debit all losses and exp. & credit all incoms and
gains
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