Executive Team Leader
Executive Team Leader Interview Questions and Answers
Updated 27 Apr 2024
Q1. Golder rule of accounting
Ans.
The golden rule of accounting states that debits must equal credits in a financial transaction.
The golden rule is a fundamental principle in accounting that ensures the accuracy of financial records.
It helps maintain the balance in the accounting equation: Assets = Liabilities + Equity.
For every debit entry made in an account, there must be an equal credit entry to balance the transaction.
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