what is basic accounts rule?
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Answer Posted / venugopal
nthe three golden rules of a/cs is
1. personal a/c
debit the receiver
credit the giver
2. real a/c
debit what comes in
credit what goes out
3.nominal a/c
debit all expenses & losses
credit all income and gains
| Is This Answer Correct ? | 34 Yes | 3 No |
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