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How can we remember the Accounting Principles ?
by (520 points)
We know Types of  Account are

1. Personal Account

2. Real Account

3.Nominal Account

We can remember the principle of Accounting as follows

1. Personal - Doctor Right(DR) Debit the Receiver  - Captain Gomez (CG) Credit the Giver

2. Real - Door - In -DI ( Debit What Comes In) Come Out- CO (Credit What Goes Out)

3.Nominal - DEL (Debit All Expenses and Losses, We can remember the Brand DELL) CIG (Credit All Incomes and Gains - We can remember that it is not to DIG something, but to CIG.

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by (520 points)
We know Types of  Account are

1. Personal Account

2. Real Account

3.Nominal Account

We can remember the principle of Accounting as follows

1. Personal - Doctor Right(DR) Debit the Receiver  - Captain Gomez (CG) Credit the Giver

2. Real - Door - In -DI ( Debit What Comes In) Come Out- CO (Credit What Goes Out)

3.Nominal - DEL (Debit All Expenses and Losses, We can remember the Brand DELL) CIG (Credit All Incomes and Gains - We can remember that it is not to DIG something, but to CIG.

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