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Answer Posted / jiten koli
account are three types
1. Personal A/c - Firm,name,Company,person.
DR- The Reciver
CR- The Giver
2. Real A/c- Cach a/c,Bank a/c,
DR- What comes IN
CR-What goes OUT
3. Nominal A/c Interest,Penalty,Copyright.wil
DR - All losses
CR- All Gains
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