Question

pls explain the golden rules of accounting​

Answer 1

Answer:

Real account rule

DEBIT WHAT COMES IN

CREDIT WHAT GOES OUT

personal account rule

DEBIT THE RECIEVER

CREDIT THE GIVER

nominal account rule

DEBIT ALL EXPENSES AND LOSSES

CREDIT ALL INCOMES AND GAINS

Explanation:

Answer 2

Answer:

There are 3 golden rules in accounting

Explanation:

They are personal, real, and nominal accounts

Personal involves persons. It says "Debit the receiver and credit the giver"

Real account says "Debit what comes in and credit what goes out"

Nominal account says "Debit all expenses and losses and credit all incomes and gains