just simple question .wat are the three golden rules of accounts?

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  • Lata
  • 01 Dec
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  • 235 Answers
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According to Golden rules of accounting every transaction has a Debit and Credit aspect. 1. In Personal a/c : receiver is Debit and giver is Credit 2. In Real a/c : Debit is what comes in and Credit is what goes out 3. In Nominal a/c : Debit all expenses and losses And Credit all incomes and gains

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