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What Is Golden Rules Of Account?

Answer»

PERSONAL a/c - debit the receiver, credit the giver.
real a/c - debit what’s COMES in, credit what’s goes out.
nominal a/c - debit all expenses & losses, credit all INCOMES and GAINS.

personal a/c - debit the receiver, credit the giver.
real a/c - debit what’s comes in, credit what’s goes out.
nominal a/c - debit all expenses & losses, credit all incomes and gains.


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