What are the 3 Basic Rules in Accounting.
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Answer Posted / mohammed mubasheer ali khan
Golden rules of accounting
1)personal a/c
2)nominal a/c
3)real a/c
PERSONAL A/C: debit is the receiver
credit is the giver
real a/c:What comes in ------ Dr
What goes out----- Cr
nominal a/c :All expenses and losses--Dr
All income and gains-------Cr
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