What are the golden rules of accounts
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GOLDEN RULES OF ACCOUNTING
> Personal Account rule says [ Debit the Receiver, Credit the Giver ].
> Real Account rule says [ Debit What comes in, Credit what goes out ].
> Nominal Account rule says [ Debit all expenses and losses, Credit all Income and Gains ].
Hopes this helps you!
> Personal Account rule says [ Debit the Receiver, Credit the Giver ].
> Real Account rule says [ Debit What comes in, Credit what goes out ].
> Nominal Account rule says [ Debit all expenses and losses, Credit all Income and Gains ].
Hopes this helps you!
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