Question

What are the golden rules of accounts?​

Answer 1

Explanation:

To apply these rules one must first ascertain the type of account and then apply these rules.

Debit what comes in, Credit what goes out.

Debit the receiver, Credit the giver.

Debit all expenses Credit all income.

Answer 2

Answer:

To apply these rules one must first ascertain the type of account and then apply these rules.

Debit what comes in, Credit what goes out.

Debit the receiver, Credit the giver.

Debit all expenses Credit all income.