which is the golden rules of accountancy in basic of who are Frist person give a rules
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Personal account-Debit the receiver and credit the giver
Real account: Debit what comes in, Credit what goes out
Nominal account-Debit all expenses and losses, Credit all incomes and gains
Real account: Debit what comes in, Credit what goes out
Nominal account-Debit all expenses and losses, Credit all incomes and gains
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