wat is the golden rule of accounting

Question Posted / lokeshyadav3781

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wat is the golden rule of accounting ..

Answer / shreeram

1) Debit always equals Credit
2) Increases do not necessarily equal decreases
3) Assest - liabilities= owner's fund( accounting equation)

Is This Answer Correct ?

1 Yes

3 No

wat is the golden rule of accounting ..

Answer / durgaprasad m

Double accounting system.
Every debit corresponds to credit

Is This Answer Correct ?

4 Yes

10 No

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