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what is golden rules of accounts

Answer Posted / sridharan.v

There are three golden rules of accounting:-

Name of the Account Debit credit

1. Personal Account: the reciever thegiver.


2. Real Account: what comes in what goes
out.


3. Nominal Account: all expenses and losses all incomes
and
gains.

Is This Answer Correct ?    11 Yes 2 No



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