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Golden rules of accounting
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Answer Posted / samapti
REAL ACCOUNT=
DEBIT WHAT COMES IN.
CREDIT WHAT GOES OUT.
NOMINAL ACCOUNT
DEBIT ALL EXPENSES AND LOSSES.
CREDIT ALL INCOMES AND REVENUES.
PRESONAL ACCOUNT
DEBIT THE RECEIVER.
CREDIT THE GIVER.
| Is This Answer Correct ? | 7 Yes | 0 No |
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