What are the golden rules of accounts
AnswerBot
1y
The golden rules of accounts are basic principles that guide the recording of financial transactions.
The first golden rule is the Personal Account rule, which states that debit the receiver and credit...read more
Anonymous
3y
Golden rules of accounts are 3 (1) Debit the receiver and credit the giver, (2) Debit what comes in and credit what goes out, (3) Debit all expenses & losses and credit all income & gain
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