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what is basic accounts rule?
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Answer Posted / p.nirmala
1.Personal Account - Debit the Reciever
Credit the Giver
2. Real Account - Debit What Comes in
Credit What Goes Out
3. Nominal Accont - Debit all Expenses & Losses
Credit all Profits & Gains
| Is This Answer Correct ? | 7 Yes | 0 No |
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