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Golden rules of accounting
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Answer Posted / chandu
There are 3 golden rules of accounting
1) Personal Accounting:
Dr- Debit the Reciever
Cr- Credit the giver
2) Real Accunting:
Dr- What comes In
Cr- What goes out
3) Nominal Accounting
Dr - All Exp and Losess
Cr - All Incomes and Gains
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