Deloitte Audit Analyst Interview Questions, Process, and Tips

The golden accounting rule is the fundamental principle of double-entry bookkeeping. There are five types of accounts: assets, liabilities, equity, income, and expenses.

• The golden accounting rule states that for every debit entry, there must be a corresponding credit entry of equal value.

• Assets are resources owned by a company, such as cash, inventory, or property.

• Liabilities are obligations or debts owed by a company,...read more