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Double entry system

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Querist : Anonymous (Querist)
02 July 2015 why debts doesn't come under real account ? explain with an example.
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CA. Sunil Gokhale

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CA. Sunil Gokhale (Expert)
03 July 2015 Debts due from other are due from persons & other organisations and these are personal accounts and not real accounts.
Similarly, debts due are due to other persons hence loans taken are also personal accounts

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