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What are the 3 Basic Rules in Accounting.

Answer Posted / madhu

the 3 golden principles of accounts are as follows:
personal a/c
real a/c
nominal a/c

personal a/c,
debit the receiver
credit the giver

real a/c
debit wat comes in
credit wat goes out

nominal a/c

debit all expenses & loss
credit all incomes & gains

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