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golden rules of accounting?
how bank earn profit?

Answer Posted / ilango

DEBIT THE RECEIVER AND CREDIT THE GIVER( Perosnal account)
DEBIT ALL EXPENSES AND LOSS AND CREDIT ALL INCOME AND GIANS
( Nominal accoutns)
DEBIT WHAT COMES IN AND CREDTI WHAT GOES OUT (Real
accoutns)

BANK EARN INCOME THORUGH INTEREST ON MONEY LENDING AND
OTHER SERVICE CHARGES

Is This Answer Correct ?    237 Yes 13 No



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