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

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The three golden rules of accounting are:
Debit the receiver, credit the giver
Debit what comes in, credit what goes out
Debit expenses and losses, credit incomes and gains.
Also read:
Accounting MCQs
Difference Between Bookkeeping and Accounting
Dual Aspect Concept in Accounting
Difference Between Cash Basis and Accrual Basis of Accounting
Learn about more questions and answers on business studies and various other commerce topics from our website.
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