The golden rules of accounts are fundamental principles that guide the recording and reporting of financial transactions.

• Debit what comes in, credit what goes out

• Debit the receiver, credit the giver

• De...read more

There are 3 golden rules in accounts i,e. debit the recevier and credit ha giver,

debit what comes in credit whats goes out, Debit all expenses and loses and credit all incomes and gains

give first take at last.