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What are the 3 Basic Rules in Accounting.
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Answer Posted / madhu
the 3 golden principles of accounts are as follows:
personal a/c
real a/c
nominal a/c
personal a/c,
debit the receiver
credit the giver
real a/c
debit wat comes in
credit wat goes out
nominal a/c
debit all expenses & loss
credit all incomes & gains
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