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What are the golder rules of Accounts ?
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Answer Posted / ashwin barad
Answer is as under.
R1 Personal : Debit the receiver, and credit the giver.
R2 Real : Debit what comes in, and credit what goes out.
R3 Nominal : Debit all expenses, and losses and
credit all incomes, and gains.
| Is This Answer Correct ? | 49 Yes | 6 No |
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