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What are the 3 Basic Rules in Accounting.
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Answer Posted / sonali
Basic rules in Accounting
Personal Account:
Debit Receiver of the benefit
Credit Giver of the benefit
Real Account:
Debit What comes in
Credit What goes out
Nominal Account:
Debit all expenses and losses
Credit all incomes and gains
| Is This Answer Correct ? | 1005 Yes | 122 No |
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