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Home / Questions /Q 10418
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marjaanasaini
marjaanasaini

marjaanasaini

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Asked: 2020-05-05T05:23:42+05:30 In:

What are the 3 golden rules of accounting?

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What are the 3 golden rules of accounting?
accounting

1 Answer

  1. Charu

    Charu

    • New Delhi,
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    The 3 Golden Rules of Accounting
    Debit The Receiver, Credit The Giver. This principle is used in the case of personal accounts. …
    Debit What Comes In, Credit What Goes Out. This principle is applied in case of real accounts. …
    Debit All Expenses And Losses, Credit All Incomes And Gains.

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