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Answer Posted / pooja
THERE ARE 3 RULE OF ACCOUNTING-
1) PERSONAL RULE- DEBIT THE RECEIVER
CREDIT THE GIVER
2)REAL ACCOUNT- DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
3)NOMINAL ACCOUNT- DEBIT ALL EXPENSES & LOSSES
CREDIT ALL GAINS & INCOMES.
| Is This Answer Correct ? | 36 Yes | 2 No |
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