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Answer Posted / madhu poor
Three rule of account.
1) Personal
2) Real
3) Nominal
Three basic rules are
1. Debit the receiver; Credit the Giver.
2. Debit What comes in; Credit what goes out
3. Debit All expenses and losses; Credit all incomes and
gains.
| Is This Answer Correct ? | 6 Yes | 0 No |
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