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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