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What are accounting Principles?
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Answer Posted / swathi
Accounting Principles are:
Personal Account: Debit the Receiver and
Credit the Giver.
Real Account: Debit what Comes In and
Credit what Goes Out.
Nominal Account: Debit all Expenses and Losses and
Credit all Gains and Incomes
| Is This Answer Correct ? | 802 Yes | 201 No |
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