Golden Rules of Accounting - Using Debit & Credit Rules

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Learn the three golden rules of accounting and how to apply them with examples Find out how these rules can simplify your bookkeeping and

rules to decide which account to debit and credit These rules of Double-entry are known as the Golden rules These are as follows: I Real Accounts Debit Golden Rules of Accounting · First read transaction and understand carefully · Check what type of accounts are provided · Which accounting rule to

boche tea lucky draw ticket price Golden rules of accounting help decide the accounts to be debited and credited for each transaction Know more about its importance, The three golden rules of accounting are debit all expenses and losses, credit all incomes and gains, debit the receiver, credit the giver,