What Are The Three Golden Rules Of Accounts?

1.	What Are The Three Golden Rules Of Accounts?
Answer» Personal accounts --> Debit the benefit receiver, credit the benefit giver. Real accounts --> Debit what COMES in, credit what GOES out. NOMINAL Accounts --> Debit all expenses and losses, credit all incomes and gains.

Answer»

Personal accounts --> Debit the benefit receiver, credit the benefit giver.
Real accounts --> Debit what COMES in, credit what GOES out.
NOMINAL Accounts --> Debit all expenses and losses, credit all incomes and gains.

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