What are some basic rules for accounting?
Here are 3 basic rules for accounting:
- 1. Debit to receiver and Credit to giver
- 2. Debit what comes in and Credit what goes out
- 3. Debit All Expense/Loss and Credit Income/Gain
I would highly recommend looking into some of these great accounting programs to learn more about basic and advanced accounting: Online Accounting Degrees.
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