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"What is the golden rules of accounting"
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Answer Posted / md asif ali
"GOLDEN RULES(PRINCIPLES) OF ACCOUNTING THEY ARE THREE:
1)PERSONAL A/C:DEBIT THE RECIVER AND CREDIT THE GIVER
2)REAL A/C:DEBIT WHAT COMES IN AND CREDIT THE WHAT GOES OUT
3)NOMINAL A/C:DEBIT THE ALL EXPENSES AND LOSSES AND CREDIT
THE ALL INCOME AND GAINS"
| Is This Answer Correct ? | 30 Yes | 1 No |
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