What are the three golden rules of accounts?
Submitted by: AdministratorPersonal accounts --> Debit the benefit receiver, credit the benefit giver
Real accounts --> Debit what comes in, credit what goes out
Nominal Accounts --> Debit all expenses and losses, credit all incomes and gains
Submitted by: Administrator
Real accounts --> Debit what comes in, credit what goes out
Nominal Accounts --> Debit all expenses and losses, credit all incomes and gains
Submitted by: Administrator
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