A few days ago
Can anybody tell me the correct golden rule of Accounts?
Can anybody tell me the correct golden rule of Accounts?
Top 3 Answers
A few days ago
Favorite Answer
I’ll bet someone in the Accounting section can help you a lot more than those of us in the Words and Wordplay category.
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A few days ago
do onto others as you would have them do onto you…… thats always the golden rule!!
but i guess there are differences,, for accounts it would be:
1. Debits ALWAYS EQUAL Credits
2. Increases DO NOT NECESSARILY EQUAL Decreases
3. Assets – Liabilities = Owner’s Equity (The accounting equation!)
dont believe me?? go here: http://www.myob-us.com/lessons/acct101/acct4.htm
0
A few days ago
Debits on the left, credits on the right.
Or is it the other way round???
.
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