Answer Posted / k kiran kumar

there are 4 Golden Rules of accounting

1 personel * debit the receiver
* credit the giver

2 real * debit what comes in
* credit what goes out

3 nominal * debit all expences and losses ex discount
recieved,commission received
* credit all incomes and gains ex salary,
rent,advertisment,

4 personel representive a/c

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Expand---------TDCB

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