What are the Golden Rules of Accounting with Examples? (Infographics)

The Golden Rules of Accounting form the foundation upon which journal entries are passed in the double-entry system and transactions recorded in the general ledger (GL).

Every economic entity is expected to prepare its financials then from these activities for its stakeholders. Such financials must be accurate, present a true picture of the entity's daily operations, conform to standards, be uniform and comparable. Hence, the golden rules are critical to bookkeeping and accounting.

What then are the Golden Rules of Accounting? 

These accounting infographics provides the 3 things every accountant must know with examples.

The Golden Rules of Accounting with Examples (Infographics)

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<p><strong>Please include attribution to https://accountinginfographics.blogspot.com with this graphic.</strong><br /><br /><a href='https://accountinginfographics.blogspot.com/2022/03/what-are-golden-rules-of-accounting-examples.html?m=1'><img src='https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgE-z6vKfmPvbSr4JwZex2LgSZbX37JMh_VZZhDJLZSao1ETcg2o-eDK789nPNlp6WT9waTVqhFaWnARoKk0nyq3cxcnWG9kPG2uPFpnvIL0KHVopH_qrBxamWYqWxaawvT6aRb4U5T9EU/s1600/1646834395712354-0.png' alt='The 3 Golden Rules of Accounting Infographics' width='736' border='0' /></a></p>