Rule 1: Total asset= Total liab + owner's Equity

Rule 2: Debit: all exp & loss
        Credit: all income & gain

Rule 3: Total of debit side = Total of credit side

1. Debit  to receiver
   Credit to giver

2. Debit what comes in 
   Credit what goes out

3. Debit All Exp /Loss
   Credit Income/Gain

their are 3 types of accountants
1) personal account  
2) Real account
3)nominal account

personal a/c
Dr receiver
        Cr to giver

Real a/c:
Dr what comes in 
         Cr what goes out

nominal A/c
All Exp /Loss 
        Cr Income/Gain

They are those basic principles and conventions of 
preparing an accounting statements and in recongnition of 
certain transactions in the accounts and their 
treatments.Eg, The Double entry principle which states 
that, for every debit entry, there must be a corresponding 
credit entry in order that the account can balance.

1) Personal a/c
 debit to receiver a/c
      credit to giver a/c

2) Real a/c
 debit what comes in
       credit what goes in

3) Nominal a/c
  debit to all expenses/loss
        credit to income/gain