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What are the golder rules of Accounts ?
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Answer Posted / shailendra kumar
GOLDEN RULES OF ACCOUNTING are: 1. Debits ALWAYS EQUAL
Credits;
2. Increases DO NOT NECESSARILY EQUAL Decreases; and,
3. Assets - Liabilities = Owner's Equity (The Accounting
Equation).
| Is This Answer Correct ? | 33 Yes | 55 No |
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