What is the types of accounts & it's rules ?
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There are three types of accounts
1. Personal Account
Debit the Receiver
Credit the Giver
2. Real Account
Debit what comes in
Credit what goes out
3. Nominal Account
Debit the Expeses/Losses
Credit the incomes/gains
| Is This Answer Correct ? | 521 Yes | 32 No |
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