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What are the 3 Basic Rules in Accounting.

Answer Posted / devraj

Personal A/c
Debit;Receiver of the benefit,
Credit;Giver of the benefit,

Real A/c
Debit;All asset comes in,
Credit;All asset goes out,

Nominal A/c
Debit;All expenses & Loses
Credit;All profit & gains

Is This Answer Correct ?    22 Yes 2 No



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