Terms Beginning With 'g'

Golden Rules of Accounting

  • January 17, 2020
  • Team Kalkine

In accountancy, the rules of debit and credit are known as ‘Golden Rules of Accounting’, which are as follows:

  • Debit what comes in, Credit what goes out
  • Debit the receiver, Credit the giver
  • Debit all expenses and losses, Credit all incomes and gains

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