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Golden rules of accounting
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Answer Posted / ravi
personal : name of the persons&organisations
rule : "debit the receiver credit the giver"
real : include fixed assets,current assets
rule : "debit what comes in credit what goes out"
nominal : deals with exp& incomes
rule : debit all exp&losses, credit all incm&gains
| Is This Answer Correct ? | 18 Yes | 3 No |
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