Answer Posted / karthikraja. k

Personal Account: Debit the receiver
Credit the giver
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Real Account : Debit what comes in
Credit what goes out
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Nominal Account : Debit all expenses and losses
Credit all incomes and gains
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what is the difference between Assets Allocation & Security selection?

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2194

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Expand---------MRDT

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All Accounting Question Related Send Me ..

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The partners agreed to take hero honda vehicle of Rams as firms vehicle by giving credit to his capital account. The vehicle was valued for Rs 65000/-Pass necessary entry

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