Want free career or academic advice
from a professional?

Have an Answer?

1 Answer

0

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:

1-PERSONAL ACCOUNT
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 2 years ago

Mohammad Abuarqoub