3 golden rules of accounts

AnswerBot
1y

The 3 golden rules of accounts are the basic principles of accounting that every accountant should follow.

  • Rule 1: Debit the receiver and credit the giver

  • Rule 2: Debit what comes in and credit what goe...read more

S.Likhita
1y

Personal Account-Debit the receiver,credit the giver

Real Account-Debit what comes in,credit what goes out

Nominal Account-Debit all expenses and loses,credit all incomes and gains

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