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Accounting Golden Rules

What are Golden Rules for Accounting?
Asked by: Prashanthair | Member Since Oct-2009 | Asked on: Oct 11th, 2009

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chandu1401

Answered On : Oct 23rd, 2009

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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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