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What are the golder rules of Accounts ?
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Answer Posted / arun
it also known as thumb rules of accounts
1.personal accounts
Debit the receiver
credit the giver
2.Real accounts
debit what comes in
credit what goes out
3.Nominal accounts
debit the expenses and losses
credit the income and gain
| Is This Answer Correct ? | 40 Yes | 1 No |
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