Answers Accounting CPA Blog

Have you ever questioned why some people manage their finances well while others don't? It goes beyond just being intelligent or disciplined. Knowing how to manage your funds is very important. It makes sense for you to comprehend accounting fundamentals like the golden rules of accounting if you want to be able to prepare for retirement, invest sensibly, or amass an emergency fund—whether in cash or stocks.     What Does The 3 Golden Rule s of Accounting Mean?     Since they form the basis of all accounting, they are the most crucial rule to learn. All else will crumble around you if you don't get them correctly. Everything else makes sense if you know what occurs when numbers are added up correctly or poorly.   Make sure that every transaction has a clear goal as this is the most crucial thing to keep in mind. This means that every transaction should be tracked and recorded so that there is no doubt as to what occurred and why; it must be obvious and obvious...