What are the golden principles of accounting? Give an
example for each.
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Answer Posted / shraddha desai
Personal : Debit the recevier
Credit the giver
Eg. Ram's A/C
Real : Debit what comes in
Credit what goes out
Eg. Cash A/C
Nominal : Debit the exps. and losses
Credit the income and gains
Eg. Discount A/C
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