What are the "Three Golden rules of Accounting" ?

Question

Ahmed kandil · Answer

Agree with all answers
thank you

CHASTITY ROPAFADZO CHIBVONGODZE · Answer

Personal accounts --> Debit the benefit receiver, credit the benefit giver. Real accounts --> Debit what comes in, credit what goes out. Nominal Accounts --> Debit all expenses and losses, credit all incomes and gains.

mehfooz alam khan habib khan · Answer

Yes in personal a/c recieves is debit and gives credit, in real a/canything comes in debit nd anything goes out is credit and in nominal a/c expences losses are debit and incomes gains are credit. These are golden rules of accounting.

Mohammed Asim Nehal · Answer

Hint : Real , Personal and Nominal Accounts

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What are the "Three Golden rules of Accounting" ?

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