What are accounting Principles?
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Answer Posted / raghu
accounting principles
personal accounting:this account belongs all persons,banks
Debit:debit the receiver
credit:credit the giver
real account:this account belongs to all assets
debit:debit what comes in
credit: credit what goes out
nominal account:this account belongs to all incomes and
expenditure
debit: debit all expenses and losses
credit : credit all incomes and gains
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