* what is golden rules and there entries * What is journal entry and also make a journal entry * What is depreciation * What is accrual income * What is income and expenses * What is debit and credit or which side show

Question

Accepted Answer

Basic accounting concepts and entries

Golden rules are basic principles of accounting that guide the recording of financial transactions
Journal entry is the recording of a financial transaction in a journal
Depreciation is the decrease in value of an asset over time
Accrual income is income that has been earned but not yet received
Income is money earned by a business, while expenses are the costs incurred by the business
Debit and credit are the two sides of a financial transaction, with debit being the left side and credit being the right side

* what is golden rules and there entries * What is journal entry and also make a journal entry * What is depreciation * What is accrual income * What is income and expenses * What is debit and credit or which side show

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