Question

golden rules of accounting?​

Answer 1

Answer:

The three main rules

• for nominal account i.e. incomes and expenses

Rule 1

" Debit all expenses and losses and credit all revenues and incomes and gains "

•for personal accounts

Rule 2

"Debit the receiver and credit the giver"

•for real accounts i.e. for assets and goods

Rule 3

"Debit what comes in and credit what goes out "

Explanation:

hope this helps you dude

Answer 2

•Debit the receiver and credit the giver. The rule of debiting the receiver and crediting the giver comes into play with personal accounts. ...

•Debit what comes in and credit what goes out. For real accounts, use the second golden rule. ...

•Debit expenses and losses, credit income and gains.