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Golden rules of accounting
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Answer Posted / bandu deshmukh
there are three kinds of accounts.
1} Personal A/C
2} Real A/C
3} Nominal A/C
rules
Personal A/c = Debit the receiver
Credit the giver .
Real A/C= = debit what come in
credit what goes out.
nominal A/c = debit the all Expenses And losses
credit the all income and gains.
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