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What are some basic rules for accounting?

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Asked by YBryant Monday Jan 2nd 2012 in Learning Tips
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Answered by SarahR Tuesday Jan 3rd 2012

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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