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Answer Posted / satish sirikonda
golden rules of Accounts are two types 1. Personal A/c. and
2. Impersonal A/c. in this Personal Indicate in Debit -
Receiver and Credit - Giver and again Impersonal is divided
into two types these are 1. Real a/c. Debit - What comes in
Credit - What goes out 2. Nominal A/c. Debit - All Expenses
/ losses and Credit - All Incomes / Gains
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