What is the golden rule of General Ledger?
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Answer / vikas parihar
Personal A/c : Debit the receiver and credit the giver.
Real A/c : Debit what comes in and credit what goes out.
Nominal A/c : All expenses and loses are debit & all the incomes and gains are credit.
| Is This Answer Correct ? | 30 Yes | 0 No |
Answer / barkhamittal01
real a/c:-what comes debit
what goes cr
personal a/c:receiver dr.
giver cr.
nominal a/c:-expensive dr.
income cr.
| Is This Answer Correct ? | 9 Yes | 1 No |
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