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

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

Thre are three golden rules 1. Personal account. Debit the receive &Credit the giver 2. Real account. Debit what comes in & Credit what goes out 3. Nominal Account. Debit expenses and losses Credit in...read more

Debit the receiver, and credit the giver

Debit all expenses and losses but credit all incomes and gains