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What is the 3 basic rules in accounting by account?
What is the 3 type in basic rules?
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Answer Posted / s.s.nageswara rao
As per double entry system of accounting three golden rules
are there. which are:-
Debit Credit rule for Personal Accounts:
*Debit the Receiver
*Credit the Giver
Debit credit rule for Real Accounts:
*Debit what comes in
*Credit what goes out
Debit credit rule for Nominal Accounts:
*Debit all Expenses and Losses
*Credit all Incomes and Gains
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