mandeep bathla


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Question { Wipro, 193462 }

Examples each for golden rules of accounting


Answer

Golden Rules of Accounts

Personal Account Real Account Nominal Account


1. Personal Account :-
Debit -receiver
Credit- giver
2. Real Account :- Debit – What comes in
Credit – What goes out
3. Nominal Account :-Debit – All expenses and losses
Credit – All Incomes and gains

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