Accounts Receivable Clerk Question:
Tell me what Are The Three Golden Rules Of Accounts?
Answer:
Personal 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.
Real accounts --> Debit what comes in, credit what goes out.
Nominal Accounts --> Debit all expenses and losses, credit all incomes and gains.
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