What is the basic accounting rules?

if the accounting related to personal account then debit the receiver and credit the giver

if the accounting related to real account then debit what comes and credit what goes out

if the accounting related to nominal accounts then debit the expenses and cedit the income

Accounting stands on Concepts, Classification of Accounts, and rules to record a transaction

Accounts can be classified in to three, Real, Personal , Nominal;

Rule to account a transaction affecting real account is "Debit what Comes in , Credit what goes Out"

Personal account, Debit the receiver Credit the giver

Nominal Account, Debit Expenses and losses, Credit incomes gains

Three basic Accounting rules are:

Debit what comes in, credit what goes out

All expenses and losses are debited and income and gains are credited

Debit the reciever and credit the giver