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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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.