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HI ALL PLS EXPLAIN IN BRIEF ABOUT DEBIT& CREDIT& ALSO GIVE
EXAMPLES FOR PERSONAL a/c,REAL a/c,NOMINAL a/c?
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Answer Posted / jagadish
personal a/c - Debit the receiver & credit the giver
Real a/c - Debit what comes in & credit what goes out
Nominal a/c - Debit all expenses & losses & Credit all
incomes & gains
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