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What are the 3 Basic Rules in Accounting.

Answer Posted / bhushan sethi

PERSONAL A/C: DR. THE RECIVER
CR: THE GIVER

REAL A/C : DR: WHAT COMES IN
CRl WHAT GOES OUT

NOMINAL A/C: DR: ALL EXPENES & LOSSES
CR: ALL INCOMES & GAINS

Is This Answer Correct ?    2 Yes 1 No



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