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Golden rules of accounting
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Answer Posted / thendral
PERSONAL ACCOUNT : DEBIT THE RECEIVER
CREDIT THE GIVER
REAL ACCOUNT : DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL ACCOUNT : DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND GAINS
| Is This Answer Correct ? | 2 Yes | 0 No |
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