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Match List-I with List-II and select the correct answer using the...

This question belongs to Commerce Accounting
Accounting
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Match List-I with List-II and select the correct answer using the options given below the lists:
List-I (Types of accounts) List-II (Principles)
a. Real Accounts 1. Debit the receiver credit the giver
b. Nominal Accounts 2. Debit what comes in credit what goes out
c. Personal Accounts 3. Debit all expenses credit all gains

Answer & Solution
Correct Answer: Option C
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