Question

Name and explain the three golden rules in Accounting? With there formula.​

Answer 1

Answer:

First: Debit what comes in, Credit what goes out. Second: Debit all expenses and losses, Credit all incomes and gains. Third: Debit the receiver, Credit the giver.

Explanation:

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Answer 2

Answer:

   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.

Explanation:

I am very sorry I do not know the formula