golden rules of accounting?
how bank earn profit?
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Answer Posted / vikas baheti
Golden rule :
1. Receivable are Debit and Payable Are Credit
2. All the expeces and loss are " Debit " and ALl the
profit and income are treat " Credit".
3. All the assets are debit and all the Liablities are
credit.
Bank gives a lone and advance to the customer and get a
interest and profit. and any other charge create by the
banker . those are point to souece to earn.
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