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What are the three golden rules of accountancy?
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Answer Posted / mayur shrivastava (+91) 99830-
There are three major golden rules of accountancy as below:-
First one-
Personal A/c:- Debit the receiver.
Credit the giver.
Real A/c :- Debit what comes in.
Credit what goes out.
Nominal A/c :- Debit all expenses & losses.
Credit all income & gains.
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