8/12/2023 0 Comments Three golden rules of farming![]() Understanding the system of debits and credits may require a sophisticated employee. It is very useful, however at the same time it is very difficult to use in reality. The system of debit and credit is right at the foundation of double entry system of book keeping. Received cash 3000 as rent from Unreal Pvt Ltd. ![]() It is true that some people find the modern approach easier than the traditionally used three golden rules of accounting. You should try to use the American or modern rules of accounting to compare and find out which one suits your learning style and is easy to apply. If you are posting an entry in the journal, you may use the Modern Accounting Approach instead of three golden rules of accounting. Related Topic – How to Prepare a Journal Entry (Step by Step)? Rules of Debit and Credit According to Modern Approach
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