what is golden rule of accounting

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what is golden rule of accounting..

Answer / pradipta

There are 3 golden rules of Accounting
Personal account: Debit is the recevier, Credit is the giver
Real account: Debit what comes in, Credit what goes out.
Nominal account:Debit all expenses and losses & credit all
incomes and gains.

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what is golden rule of accounting..

Answer / gaurav bhardwaj

Three golden rule of account

Personal Account- Dr. The Receiver
Cr. The Giver
Real Account- Dr. What Comes in
Cr. What goes out
Nominal Account- Dr. all exp. & losses
Cr. all income & profit

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