What Are the Three Golden Rules of Accounts? (2024)

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The three golden rules of accounting are:

  1. Debit the receiver, credit the giver
  2. Debit what comes in, credit what goes out
  3. Debit expenses and losses, credit incomes and gains.

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See Also
Dave Ramsey Says To Budget for These ‘Four Walls’ Before Anything Else — And In This Specific OrderHow Much of Your Paycheck Should You Save? | EquifaxHow much money should I have saved by 50?Why Saving 10% Won’t Get You Through Retirement


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