Golden rules of accounting

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RJ Modi (Querist)
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19 February 2016 Hello Everybody How were the three golden rules of accounting formed? What is the logic behind those rules?

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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20 February 2016 Golden Rule Help to Identify for Basis of Accounting The types of accounts viz. personal (Debit The Receiver, Credit The Giver) ,real (Debit What Comes In, Credit What Goes Out)l, nominal (Debit All Expenses And Losses, Credit All Incomes And Gains) , Principles of Golden Rule help to Pass Double Entry based on Identification. Golden rule help Identify what to Debit and Corresponding Credit based Rule.

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