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what are the basic 3 rules of accounting

Answer Posted / satyanarayana raju

the three rules of accounting are
Personal accounts-debitthe receiver from the business
credit the giver to the business
real accounts-debit what comes into the business credit -
what goes out of the business
nominal accounts-debitall expenses and losses of the
business credit-allincomea and gains of the business we
must use business related things for clarity

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