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Take A Look at The Three Main Rules of Accounting
Take A Look at The Three Main Rules of Accounting
Take A Look at The Three Main Rules of Accounting
giver.
...
Debit the receiver and credit the giver. ...
Debit what comes in and credit what goes out. ...
Debit expenses and losses, credit income and gains.
Golden Rules of Accounting
1) Rule One. "Debit what comes in - credit what goes out." This legislation applies to
existing accounts. ...
2) Rule Two. "Credit the giver and Debit the Receiver." It is a rule for personal accounts.
...
3) Rule Three. "Credit all income and debit all expenses."
An accountant is a professional who is responsible for keeping and interpreting financial
records. Most accountants are responsible for a wide range of finance-related tasks, either for
individual clients or for larger businesses and organizations employing them
Analytical Ability