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What are the golder rules of Accounts ?
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Answer Posted / xyz
PERSONAL A/C:Debit the receiver,credit the giver
IMPERSONAL A/C:
1-REAL A/C:Debit what comes in,credit what goes out
2-NOMINAL A/C:Debit all expenses and losses and credit all
incomes and gains.
| Is This Answer Correct ? | 148 Yes | 13 No |
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