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Golden rules of accounting
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Answer Posted / sunil kumar
Hi,
We have three types of Accounts 1>pesrsonal A/c(name :ex
sunil,anil)2> realaccount(goods & services )3> Nominal A/c
(Commisions,discounts,salary etc..)
Personal account:Debit what comes in, Credit what goes out.
Real account :Debit the reciever while Credit the giver.
Nominal account :Debit all expences and losses, Credit all
incomes and gains.
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