Practice Test | Kullabs.com
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  • The rule of journalizing in personal account is ______.

    debit the receiver, credit the giver
    debit what comes in, credit what goes out
    debit all expenses and losses, credit all incomes and profits
    debit the giver, credit the receiver
  • ______ is the record of assets of the business.

    Personal account
    Real account
    Imperial account
    Nominal account
  • ______ does not exist in the business in real form. It appears only in the books.

    All the answers are correct
    Personal account
    Real account
    Nominal account
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