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Topical Terminology > Golden Rules Of Accounting



1 Definition

Golden Rules Of Accounting

For Golden Rules Of Accounting we have a term and definition in Accounting.



Golden Rules Of Accounting (Accounting)

are: 1. Debits ALWAYS EQUAL Credits; 2. Increases DO NOT NECESSARILY EQUAL Decreases; and3. Assets - Liabilities = Owner's Equity (The Accounting Equation).




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