The golden rules of accounting are basic principles that guide the recording of financial transactions.

• The first golden rule is the Personal Account rule, which states that debit the receiver and cred...read more

There are 3 golden rules of accounting -

01-Debit the receiver, Credit the giver. - For Personal A/c

02-Debit what comes in, Credit what goes out. - For Real A/c

03-Debit all the expenses and losses, ...read more