The basic principle i.e. "all expenses are debited and all incomes are

1.	The basic principle i.e. "all expenses are debited and all incomes are credited" applies to
A.	Personal accounts
B.	Nominal accounts
C.	Real accounts
D.	None of the above
Answer» C. Real accounts

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The basic principle i.e. "all expenses are debited and all incomes are credited" applies to

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