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Rules of Journalizing

Sadiya G.
15/11/2016 0 0

Personal a/c : " Debit the receiver, Credit the giver."

Real a/c : " Debit what comes in, Credit what goes out."

Nominal a/c : " Debit all expenses & losses, Credit all incomes & gains."

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Personal Account- Debit the receiver Credit the giver. Real Account- Debit what comes in Credit what goes out Nominal Account- Debit all expenses and loss Credit all incomes and gain
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