Take A Look at The Three Main Rules of Accounting

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Take a look at the three main rules of accounting: Debit the receiver and credit the

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

Accountants have to be accurate, numbers-minded and analytical. Analytical skills


remain one of the most important skills for accounting professionals, especially for those
in disciplines such as forensic accounting.
What are the main activities in accounting?
In accounting there are three main activities, including:
 Identification Activities. This activity aims to identify various transactions that occur
within the company. ...
 Activity Logging. ...
 Communication Activities.

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