GOLDEN RULES OF ACCOUNTING Definition

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GOLDEN RULES OF ACCOUNTING are: 1. Debits ALWAYS EQUAL Credits; 2. Increases DO NOT NECESSARILY EQUAL Decreases; and, 3. Assets - Liabilities = Owners Equity (The Accounting Equation).

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CUT-OFF YIELD, in securities, is the yield at which or below which the bids are accepted.

PREFERENCE SHARE CAPITAL is capital raised by an entity through the sale of preferred shares.

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