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what is golden rules of accounts

Answer Posted / abdul rashid

There are three golden rules of accounting:

1. Personal Account: Debit the reciever and credit the
giver.

2. Real Account: Debit what comes in and credit what goes
out.

3. Nominal Account: Debit all expenses and losses and
credit all profit ang gains.

Is This Answer Correct ?    37 Yes 5 No



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