Accounting · Principles of Accounting
What is the golden rule for a Personal Account in traditional accounting?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Debit all assets, credit all liabilities
- 2Debit the receiver, credit the giver✓
- 3Debit what comes in, credit what goes out
- 4Debit all expenses, credit all incomes
Correct answer
Debit the receiver, credit the giver
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