Gallagher Associate/Senior Associate -(Nontechnical) Interview Questions and Answers

The 3 accounting golden rules are the basic principles of accounting that guide the recording of financial transactions.

• The first golden rule is the 'Debit the receiver, credit the giver' rule, which means that when an asset is received, it is debited, and when an asset is given, it is credited.

• The second golden rule is the 'Debit what comes in, credit what goes out' rule, which means that when there is an increase in ...read more