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what are the golden rule of accounting.

Answer Posted / nirmal

1. PERSONAL
2. REAL
3. NOMINAL

PERSONAL - DEBIT THE RECEIVER
CREDIT THE GIVER

REAL - DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT

NOMINAL - DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND GAINS

Is This Answer Correct ?    38 Yes 4 No



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