3 GOLDEN RULES OF ACCOUNTING

by Geethalakshmi 2009-11-24 13:15:13

GOLDEN RULES OF ACCOUNTING


REAL ACCOUNTSDEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
PERSONAL ACCOUNTSDEBIT THE RECEIVER
CREDIT THE GIVER
NOMINAL ACCOUNTSDEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES

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