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Golden rules of accounting
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Answer Posted / ravi angoth
Personal A/c:
1.Taking benefits is Debit
2.Giving benefits is Credit
Real A/c:
1.what comes in is Debit
2.what goes out is Credit
Nominal A/c:
1.Expenses and losses are Debit
2.Incomes and gains are Credit
| Is This Answer Correct ? | 3 Yes | 0 No |
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