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Accounting Golden Rules
What are Golden Rules for Accounting?


  
Total Answers and Comments: 1 Last Update: October 23, 2009     Asked by: Prashanthair 
  
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October 23, 2009 02:03:47   #1  
chandu1401 Member Since: October 2009   Contribution: 1    

RE: Accounting Golden Rules
Personal Account - Debit the receiver credit the giver
Real Account - Debit what comes in credit what goes out
Nominal Account - Debit all expenses and losses credit all incomes and gains.

 
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What are Golden Rules for Accounting? 
Latest Answer : Personal Account - Debit the receiver credit the giverReal Account - Debit what comes in credit what goes outNominal Account - Debit all expenses and losses credit all incomes and gains. ...

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