Golden rules of accounting: Learn the three golden rules of accounting

Learn the three golden rules of accounting with examples to understand the fundamental principles of recording financial transactions. Master the golden rules of accounting with example! The 3 golden rules of accounting are the basis of recording all day-to-day transactions i.e. Real Rule, Personal Rule and Nominal Rule. In this blog, we’ll break down the golden rules of accounting , explain the three types you need to know, and provide examples to help bring each rule to life. The golden rules of accounting are a fundamental concept of the double-entry bookkeeping system . I explain all three golden rules with examples in this guide, to ensure your books are audit-ready.