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 “Debit the receiver and credit the giver” is the golden rule for which type of account?
  • a)
    Real A/c
  • b)
    Personal A/c
  • c)
    Nominal A/c
  • d)
    None of these
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
“Debit the receiver and credit the giver” is the golden ru...
It's B Personal Account

Personal Account ka rule h Debit the receiver and credit the giver.
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Community Answer
“Debit the receiver and credit the giver” is the golden ru...
The rule related to Personal account states debit the receiver and credit the giver. In other words, if a person receives something, receiver's account shall be debited and if a person gives something, giver's account shall be credited. For example, if Mr.
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“Debit the receiver and credit the giver” is the golden rule for which type of account?a)Real A/cb)Personal A/cc)Nominal A/cd)None of theseCorrect answer is option 'B'. Can you explain this answer?
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