What are golden rules of accounting and journal entries of accrual?

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Golden rules of accounting are basic principles to be followed while recording financial transactions. Accrual journal entries record revenue or expenses when they are earned or incurred, regardless of when payment is received or made.

The three golden rules of accounting are: debit the receiver, credit the giver; debit what comes in, credit what goes out; and debit all expenses and losses, credit all incomes and gains.
Accrual journal entries record revenue or expenses when they are earned or incurred, regardless of when payment is received or made.
For example, if a company provides services to a customer in December but does not receive payment until January, the revenue should be recorded in December through an accrual journal entry.
Similarly, if a company incurs expenses in December but does not pay for them until January, the expenses should be recorded in December through an accrual journal entry.

What are golden rules of accounting and journal entries of accrual?

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