The golden rule of accounting is to debit the receiver and credit the giver.

• This rule is also known as the traditional rule of accounting.

• It is used to record transactions in the books of accounts.

• Deb...read more

Basically golden rules of accounting 3types there are

1.Personal account

2.Real account

3.Nominal account

1.Personal account

Debit :the receiver

Credit:the giver

2.Real account

Debit:what comes in

Credit: what...read more