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Golden rules of accounting
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Answer Posted / prashant
Real A/c :- Dr. What come in
Cr. What goes Out
Example Purchases & Sales
Personal A/c :- Dr. the giver
Cr. The Receiver
Example Bank a/c. Mr. A A/c
Nominal A/c :- Dr. All expenses & losses
Cr.All Income & gains
Example Salary A/c , Bad Debts A/c,Discount Received A/c
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