What is golden rule in accountancy?

11 Oct 2020   |    209

~ Satty

Megha kumari answered this.

08 Dec 2020

The following ar rules of debit and credit which guide the system of accounts..they are known as the golden rule..


Three golden rules of Accounting..

1.personal account.

Debit the receiver.

Credit the giver.

2.Real account 

Debit whats comes in.

Credit whats goes out.

3.Debit the all Expenses and losses.

Credit the all gain and profit.

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