following the rules of debit and credit choose which account does the given particular pertain to : all expenses and losses

following the rules of debit and credit choose which account does the

1.	following the rules of debit and credit choose which account does the given particular pertain to : all expenses and losses
Answer» this classification is done USING 3 golden rules of ACCOUNTING nominlal account RELATE to income EXPENSES losses or gains

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Tois question based GISTBasie Prodquet? Gust Sales SupplyАB 2200150800118.00 to 20018.001 300 Intre statoI istrustile12.00 lo1120 Istrestaleb.Tabb Trade Details (sales and purchaseJitems opening stat I purchased sold closingo0104803oa) find out belowgiveoQuestionsCGST ,SGST , LGST final balance?1. use different lable for saleand purchas drade.Neft profit from the trade?closing stock valuations ?

following the rules of debit and credit choose which account does the given particular pertain to : all expenses and losses

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