WHAT ARE GOLDEN RULES OF ACCOUNTING

AnswerBot
7mo

Golden rules of accounting are basic principles that guide the process of recording financial transactions.

  • The Golden Rule of Debit and Credit: For every debit entry, there must be a corresponding cre...read more

Anonymous
7mo
There are three golden rules in accounting: Debit what comes in, credit what goes away. Debit the receiver, credit the giver. Debit all expenses and losses, credit all incomes and gains.
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