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What is personal a/c ,real a/c

Answer Posted / ravikumar77

Golden Rules of Accounting..

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 and Loss
Credit all Incomes and gain

Is This Answer Correct ?    78 Yes 1 No



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