Asked in Genpact and 40 others
Explain the Golden Rules of Accounting along with examples.
AnswerBot
9mo
Golden Rules of Accounting are basic principles used to maintain financial records accurately.
Debit what comes in, credit what goes out (Real Account)
Debit the receiver, credit the giver (Personal Acc...read more
Sindigeri veeresh
3mo
There are three golden rules of Accounting: 1.Debit the receiver Credit the giver [Personal Account] 2.Debit what comes in Credit what goes out[Real Account] 3.Debit all expenses and losses Credit all...read more
Uma Parvathi
4mo
There are three golden rules of Accounting: 1.Debit the receiver Credit the giver [Personal Account] 2.Debit what comes in Credit what goes out[Real Account] 3.Debit all expenses and losses Credit all...read more
Karuna Kakarlapudi
4mo
The Three golden are given below: 1. Real Account Debit what Comes in Credit What Goes out 2.Personal Account Debit the Receiver Credit the Giver 3.nominal Account Debit All Expenses & Losses Credit A...read more
Pritam Pawar
4mo
The three golden rules of accounting are:
Debit what comes in, credit what goes out
Debit the receiver, credit the giver
Debit all expenses and losses, credit all incomes and gains
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