Golden rule of accounting

AnswerBot
6mo

The golden rule of accounting states that debit what comes in and credit what goes out.

  • Debit what comes in and credit what goes out

  • Assets = Liabilities + Equity

  • Revenue = Expenses + Net Income

Anonymous
3d
.Debit what comes in Credit what goes out .Debit all expenses and losses Credit all incomes and gains .Debit the reciver credit the giver
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