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What are the 3 Basic Rules in Accounting.
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Answer Posted / sangeetha
Personal A/c
Dr:-"Debit the receiver
cr:-credit the giver"
ex:-SBI,ICICI etc.
Real A/c
Dr:-"Debit what comes in"
cr:-"credit what goes out"
ex:-purchased goods from ram on credit basis
purchase a/c dr
To ram a/c
Nominal a/c
Dr:-"Debit all expenses and lossess
cr:-credit all incomes and gains"
| Is This Answer Correct ? | 159 Yes | 16 No |
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