Asked in Accenture
What are the three golden rules of accounting?
AnswerBot
2y
The three golden rules of accounting are the basis of all accounting practices.
The first rule is the accounting equation: Assets = Liabilities + Equity
The second rule is the double-entry principle: Ev...read more
Sindigeri veeresh
2mo
There are three golden rules of Accounting: 1.Debit the receiver Credit the giver [Personal Account] 2.Debit what comes in Credit what goes out[Real Account] 3.Debit all expenses and losses Credit all...read more
Uma Parvathi
3mo
There are three golden rules of Accounting: 1.Debit the receiver Credit the giver [Personal Account] 2.Debit what comes in Credit what goes out[Real Account] 3.Debit all expenses and losses Credit all...read more
Karuna Kakarlapudi
4mo
The Three golden are given below: 1. Real Account Debit what Comes in Credit What Goes out 2.Personal Account Debit the Receiver Credit the Giver 3.nominal Account Debit All Expenses & Losses Credit A...read more
Pritam Pawar
4mo
The three golden rules of accounting are:
Debit what comes in, credit what goes out
Debit the receiver, credit the giver
Debit all expenses and losses, credit all incomes and gains
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