What is the basic rule of bookkeeping?

These three golden rules of accounting: debit the receiver and credit the giver; debit what comes in and credit what goes out; and debit expenses and losses credit income and gains, form the bedrock of double-entry bookkeeping. They regulate the entry of financial transactions with precision and consistency. A cutting-edge online bookkeeping services Washington DC benefit in the US that employments clever automation and professional help to offer assistance to specialists, new businesses, and small undertakings manage their finances.