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Golden rules of accounting
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Answer Posted / deepshikha
PERSONAL A/C DEBIT THE RECEIVER
CREDIT THE GIVER
REAL A/C DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL A/C DEBIT ALL EXPENSES & LOSSES
CREDIT ALL INCOMES & GAINS
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WHICH IS MORE RISKY TO A BANKER, A CASH CREDIT OR A LETTER OF CREDIT
