Accountancy, asked by SheruKumar1081, 1 year ago

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Answers

Answered by babushall
6

golden principles of accounting .

personal account rule

dr- the receiver.

cr- the giver.

real account rule

dr- what comes in.

cr- what goes out.

nominal account rule.

dr- all expenses and losses.

cr- all incomes and gains.

the journal entry will be.

cash a/c dr

commission a/c

( being commission received from z ltd.co)

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