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what is basic accounts rule?

Answer Posted / swapnil pol

The three "Golden Rule" of Debit & Credit based on
Classification of A/Cs are:-

1. Personal Account - Dr. the Reciever
Cr. the Giver

2. Real Account - Dr. What Comes in
Cr. What Goes Out

3. Nominal Accont - Dr. all Expenses & Losses
Cr. all Profits & Gains.

Is This Answer Correct ?    42 Yes 6 No



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