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Golden rules of accounting
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Answer Posted / vinita
Personal A/c
Dr. the receiver
Cr. the giver
Real A/c
Dr. what comes in
Cr. what goes out
Nominal A/c
Dr. all expenses & losses
Cr. all Incomes & gains
| Is This Answer Correct ? | 8 Yes | 1 No |
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A----------involves transfer of money or moneys worth from one person to another
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