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Answer Posted / syed shakir ali
In Simple Terms Debit Which Account LIABLE TO Pay For this
that account Debited Which Account Receiving that amount it
will become credit.
1.Personal a/c
2.Nominal a/c
3.Real a/c Different Terms For Debit and Credit. Account
Standards Debit must equal to credit.
| Is This Answer Correct ? | 11 Yes | 2 No |
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