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golden rules of accounts

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20 July 2011 what is golden rule of accounts.
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Amol Gopal Kabra (CA,CS,DISA)

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Amol Gopal Kabra (CA,CS,DISA) (Expert)
20 July 2011 The Golden Rules of Accounts are -

1. Debit the Receiver, Credit the Giver (Personal Accounts)
2. Debit what comes in, Credit what goes out (Real Accounts)
3. Debit the expenses and losses, Credit the incomes and gains (Nominal Accounts)

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