Question

what is golden rules ​

Answer 1

Answer:

Golden Rule. ... The Golden Rule is the principle of treating others as you want to be treated. It is a maxim that is found in many religions and cultures. It can be considered an ethic of reciprocity in some religions, although different religions treat it differently.

Explanation:

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.

Answer 2

Answer:

Hey mate here is your answers

Explanation:

The following are the rules of debit and credit which guide the system of accounts, they are known as the Golden Rules of accountancy:

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.

Hope it's helpful for you