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3 GOLDEN RULES OF ACCOUNTING - Accounts
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GOLDEN RULES OF ACCOUNTING
| REAL ACCOUNTS | DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT | | PERSONAL ACCOUNTS | DEBIT THE RECEIVER
CREDIT THE GIVER | | NOMINAL ACCOUNTS | DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES |
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By Geethalakshmi, On - 2009-11-24 |
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