Accounts
What are accounting rules called?
The accounting rules are called the 'golden rules of accounting'
i.e.
Debit what comes in, and credit what goes out
Debit the receiver and credit the giver
Debit all expenses and loss and credit all incomes and gains.
i.e.
Debit what comes in, and credit what goes out
Debit the receiver and credit the giver
Debit all expenses and loss and credit all incomes and gains.
Advertisement
More from this specialization
- Explain The Difference Between Internal Audit And External Audit?
- Give me examples of the accounting reports you have prepared.
- What is computerized accounting?
- What is the distinction between cost accounting and management accounting?
- What is Use of statistics in accounting?
- What are the fictitious assets?