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Mohammad Abuarqoub

Golden rule; is the main principle that a person or organization should follow to comply with regulations and laws in order to succeed. Moreover, in accounting there are three types of rules or accounts:

Debit the Receiver
Credit the Giver

2-Real Account
Debit what comes in
Credit what goes out

3-Nominal Account
Debit all expenses and losses
Credit all income and gains

Answered 3 years ago

Mohammad Abuarqoub