Question

Explain the rules of accountiy?​

Answer 1

Answer:

The rules of accounting are as follow below:

1. Debit the receiver and credit the giver .

2. Debit what comes in and credit what goes out.

3. Debit expenses and losses , credit income and gains.

Answer 2

Answer:

Take a look at the three main rules of accounting: Debit the receiver and credit the giver. Debit what comes in and credit what goes out. Debit expenses and losses, credit income and gains.