accountancy: please describe about golden rule
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the golden rule is principle of treating others as you want to be treated. it is a maxim that is found in many religious and cultures. the maxim may appear as a positive or negative injection governing and conduct: treat others as you would like others treat you.
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Personal account :debit the reciever
Credit the giver
Real accounts :debit what comes in
Credit what goes out
Nominal accounts:debit all expenses and losses
Credit all income, gains and profits
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