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Why should we have three Accounting Principles(personal,
real & nominal) instead of one



Why should we have three Accounting Principles(personal, real & nominal) instead of one..

Answer / prasad deshmukh

for identification of expenditure & asset. Which can be
useful for benchmarking. Its necessary to classified all
accounts in real, personal & nominal a/c.

Is This Answer Correct ?    9 Yes 1 No

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