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what is basic accounts rule?

Answer Posted / ved aryan

the basic rules of accounting are as follows
1)Personal accounts:-
a)artificial personal accounts
b)natural personal accounts
c)representative personal accounts

RULE:-debit the receiver ,credit the giver

2)Real Accounts:- divided into two types
a)Tangible Accounts
b)Intangible Accounts

RULE:-debit what comes in,credit what goes out

3)Nominal Accounts:-deals with expense and income

RULE:-debit all expenses and losses
credit all incomes and gains

my number is 9311350523

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