Accounts subject(All commerce and accounting students must read this because it is very useful Post to them): 1) Accounts is the one of the oldest subject because some archaeologists found the evidence of accounting records on clay tablets from Egypt and Mesopotamia,as early as 2000 to 3300 BC.., according to ThoughtCo article. 2)The five basic principles of accounting plays a crucial role but so many of us didn't know what they are: Revenue recognition principle Historical cost principle Matching principle Full disclosure principle and Objectivity principle. 3)There are three golden rules in accounting.they are: #Debit - the recover , credit - the giver (personal accounts) #Debit - what comes in , credit - what goes out (Real accounts) #Debit - all expenses and losses , credit - all incomes and gains (nominal a/c) About father of accounts in india The...