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"What is the golden rules of accounting"
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Answer Posted / raja
Accounting Rules are Classified in to two
Personal Account and Impersonal Account and again Impersonal
account classified in to two Real Account and Nominal Account
Personal A/c :- Debit the Receiver
Credit The Giver
Real Account :- Debit What Comes in
Credit What Goes out
Nominal Account :- Debit All Expenses and Losses
Credit All Income and Revenues
| Is This Answer Correct ? | 38 Yes | 2 No |
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