Golden rukes of accounting

AnswerBot
1y

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

  • The first golden rule is the Debit the Receiver, Credit the Giver rule. This means that whe...read more

parag pawar
2y

Account Types - Nominal Personal, & RealRule 1: Debit all expenses and losses, credit all incomes and gains.

Rule 2: Debit the receiver, credit the giver.

Rule 3: Debit what comes in, credit what goes o...read more

Tanya
2y

There are 3 golden rules of accounting.

  1. Nominal Account

  2. Personal Account

  3. Real Account

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