EXL Service Key Accounts Executive Interview Questions and Answers

Golden rules of accounting are basic principles that guide the process of recording financial transactions.

• The three golden rules of accounting are: Debit what comes in, Credit what goes out, and Debit the receiver, Credit the giver.

• Debit refers to the left side of an account, while Credit refers to the right side.

• For example, when a company receives cash from a customer, it would debit the cash account (what comes in)...read more