What are the three golden rules of bookkeeping?

What are the three golden rules of bookkeeping?

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The three golden rules of accounting are: Debit what comes in, credit what goes out (for real accounts), Debit the receiver, credit the giver (for personal accounts), and Debit all expenses and losses, credit all incomes and Bookkeeping Services Buffalo. These rules provide a systematic way to record financial transactions in a business.  

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