What are the Golden Rules of Accounting?
What are the Golden Rules of Accounting?
Sep 27, 2021
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Three Golden Rules of Accounting | Examples | PDF | Quiz | More..
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TCC on Instagram: "The Golden Rules of Accounting are the basic principles used to record financial transactions correctly. They are divided into three simple rules based on the type of account involved: 1. Personal Account: Debit the receiver, Credit the giver. This means when a person or organization receives something, you debit their account. When they give something, you credit their account. 2. Real Account: Debit what comes in, Credit what goes out. Anything that comes into the business,
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