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What are the 3 Basic Rules in Accounting.
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Answer Posted / neeraj dhawan
personal account- debit what comes in
credit what goes out like supplier,customer,service provider.
REAL ACCOUNT -DEBIT THE RECEIVER
CREDIT THE GIVEN LIKE. ASSEST &LIABILITIES
NOMIAL ACCOUNT -DEBIT ALL EXPENCES &LOSSES
CREDIT ALL INCOME&GAIN LIKE, PROFIT &LOSSS
ACCOUNT
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