Rules of Accounting ?

AnswerBot
8mo

Rules of accounting are the guidelines and principles that govern the preparation of financial statements.

  • Accounting equation must always be in balance: Assets = Liabilities + Equity

  • Revenue recognitio...read more

Anonymous
author
9mo
Debit all Expenses/losses Debit all Assets Debit All Purchase Credit all Income/gain Credit all Liabilities Credit all Sales
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