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what are the basic 3 rules of accounting

Answer Posted / raja mohamed

The acconts is followed the three steps or three types.
1. Personnal Account
2. Real Account
3. Nominal Account

Personaal Account is
giver is debit
Reciver is Credit

Real A/c
What comes in debit
What Goes out CREDIT

Nominal A/c

Expenses in debit
Incomes is Credit

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