The Golden Rules of Accounting are basic principles that guide the recording of financial transactions.

• Debit the receiver, credit the giver

• Debit what comes in, credit what goes out

• Debit expenses and l...read more

1. Debit the receiver ,credit the giver.

2. Debit what comes in, Credit what goes out.

3. Debit all losses and expenditures, credit all gains and incomes.