just simple question .wat are the three golden rules of accounts?
Answer
- Lata
- 01 Dec
- 530824 Views
- 235 Answers
Your Answer
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AnupAK
- 03 May
The Golden Rules are:
1) Personal Account - Debit the Receiver & Credit the Giver
2) Impersonal Real Account - Debit what Comes In & Credit what Goes out
3) Impersonal Nominal Account - Debit all Expenses and Losses & Credit all Income and Gains
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