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What are the 3 Basic Rules in Accounting.
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Answer Posted / joer
Very simple to remember DEAD & CLOR
Debit
Expense
Asset
Dividends
Credit
Liabilities
Owner's Equity
Revenue/Income
Real account- assets
Nominal account- all income & expenses
Personal account- all liabilities & equity and some assets
| Is This Answer Correct ? | 12 Yes | 2 No |
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