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What is the three golden rules in Accounts ?
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Answer Posted / syed asif
1) Personal A/c
Debit the receiver
Credit the giver
2) RealA/C
Debit what comes in
Credit what goes out
3) Nominal A/C
Debit all Expense and Losses
Credit all Incomes and Gains.
| Is This Answer Correct ? | 3 Yes | 0 No |
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