Golden Rules Of Accounting

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Q.  Do you know about "Golden Rules of Accounting?"


Ans. There are "Three Golden Rules Of              Accountin".These rules are the base of 

      accounting. Rules are as under -

      

 1. Personnel Account :- 

      Dr. The Receiver

     Cr. The Giver


2. Real Account :-

    What comes in Dr. 

    What goes out Cr.


3. Nominal Account :-

    All losses and expenses Dr.

    All gains and Profit Cr.



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