We WOA (World of Account) are presenting all Accounting Cycle concept using blog & videos starting from Transaction, journal entries, Posting, Trail balance, Worksheet, Adjusting journal entries, Financial Statement, Closing of Books. Let's start to have an "ACCOUNTING WINNER WINNER CHICKEN DINNER"
Saturday, November 24, 2018
Golden Rules of Accounting
Three Golden Rules of Accounting:
Personal Account
Debit the Receiver, Credit the Giver
Real Account
Debit what comes in, Credit what goes out
Nominal Account
Debit all expenses and losses, Credit all incomes and gains
No comments:
Post a Comment