What Are the Three Golden Rules of Accounts? (2024)

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The three golden rules of accounting are:

  1. Debit the receiver, credit the giver
  2. Debit what comes in, credit what goes out
  3. Debit expenses and losses, credit incomes and gains.

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3 Golden Rules Of Accounting -Rules with Best Examples - MunimKnowing Your Debits from Your Credits - dummiesCredit: What It Is and How It WorksWhich of the following account may have a debit or credit balance?Discount received accountLoan accountTrade expenses accountSales account


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