Question

State the golden rules of accounts

Answer 1

Answer:

1. debit the receiver and credit the giver
2. debit what comes in credit what goes out
3. debit all the expenses and losses and credit all the profits and earnings

Answer 2

State the golden rules of accounts

The Golden Rules are:

.Personal Account - Debit the Receiver & Credit the Giver.

.Impersonal Real Account - Debit what Comes In & Credit what Goes out.

.Impersonal Nominal Account - Debit all Expenses and Losses & Credit all Income and Gains.

if u find it helpful pls mark brainliest....