Namaste, iam Donald Pounds, G’day, mate.
What Are The 3 Golden Rules? [Solved]
Well, the golden rules of accounting are pretty straightforward. Basically, when something comes in, you debit it; when something goes out, you credit it. For personal accounts, credit the giver and debit the receiver. And for income and expenses, always credit income and debit expenses - that’s a no-brainer!
