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What are the 3 Basic Rules in Accounting.
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Answer Posted / kailasam
Personal A/c
Dr:-"Debit the receiver
cr:-credit the giver"
Real A/c
Dr:-"Debit what comes in"
cr:-"credit what goes out"
Nominal a/c
Dr:-"Debit all expenses and lossess
cr:-credit all incomes and gains"
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