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What is the three rules of Account & what is debit and
credit
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Answer Posted / sarvendra singh
Three Rules of Accounting is-
(1)Personal Account:-
Debit the Receiver
Credit The Giver
(2)Real Account:-
Debit What Comes In
Credit in Goes Out
(3)Nominal Account:-
Debit all Expenses & Loses
Credit all Income & Gains
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