Question

What are the 3 golden rules of accounting?

Answer 1

Answer:

Debit what comes in, Credit what goes out.

Debit the receiver, Credit the giver.

Debit all expenses Credit all income.

Answer 2

Answer:

1. Debit what comes in , credit what goes out .

2. Debit the receiver , credit the giver .

3. Debit all expenses , credit all income .