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What is the types of accounts & it's rules ?
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Answer Posted / arun
3 Golden Rules
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1)personal account
debit the receiver.
credit the giver.
2)real account
debit what comes in.
credit what goes out.
3)nominal account
debit all expenses and losses,
credit all incomes and gains.
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Sir,I want to be good in accounting .Now i have got an oppurtunity to work in accounts department but i am average in accounts.So how can i improve and work with effiency guide me with ur tips.
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