• Australia Edition

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

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK