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What are the 3 Basic Rules in Accounting.
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Answer Posted / mr. nikhilkumar bagla
1. Personal Account:
Debit the receiver.
Credit the giver.
2. Real Account:
Debit:- what come in.
Credit:- what goes out.
3. Nominal Account:
Debit: all Expenditure and losses.
Credit: all gains and income.
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