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what is the rule of debit and credit.
Plz detail answer.
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Answer Posted / sandeep kumar
THREE RULE OF DR. AND CR.
(1)when assests are increased...... Dr.
when assests are decreased...... Cr.
(2)when liab. are increased...... Cr.
when liab. are decreased...... Dr
(3)all expenses ............. Dr.
all income ................ Cr.
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