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Accounting & Financial Management Basics
Accounting Principles & Standards
Golden rules, journal to trial balance, Ind AS, and depreciation accounting.
10 questions20 minAnswers revealed at the end
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Question 1 of 10
Under the traditional Golden Rules of Accounting, how is a Personal Account treated?
Debit the giver, Credit the receiver
Debit what comes in, Credit what goes out
Debit the receiver, Credit the giver
Debit all expenses and losses, Credit all incomes and gains
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