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Answer Posted / ramakrishnareddy
personal a/c: 1.Debit the receiver of benifits
2.credit the giver of benifits
Real a/c : 1.Debit what comes in(like assets or money)
: 2.Credit what goes out( --do-- )
Nominal a/c : 1.Debit all expenses &losses(bad debts)
: 2.Credit all incomes & gains (prepaid income)
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