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What are accounting Principles?
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Answer Posted / sirisha
there are 3 types of accounting principals
1. personnel accoumt:- debit the receiver and credit the
giver,
2. real account:- debit what comes in and credit what goes
out.
3. nominal account:- debit all expenses and losses and
credit all gains and incomes
| Is This Answer Correct ? | 2503 Yes | 364 No |
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