Double Entry Book Keeping - JSS1 Business studies Past Questions and Answers - page 1
A system where every financial transaction has equal and opposite effects in at least two different accounts.
A system where only one account is used for recording financial transactions.
A system where transactions are recorded randomly without any specific rules
A system where transactions are recorded without any consideration of balancing
Debited
Credited
No entry is made
Both debited and credited
Debited
Credited
 Both debited and credited
Debited
Credited
No entry is made
Both debited and credited
Debited
Credited
No entry is made
Both debited and credited
Debited
Credited
No entry is made
Both debited and credited
Asset account is debited
Asset account is credited
Liability account is debited
Liability account is credited
Asset account
Liability account
Equity account
Expense account
Asset account is debited
Liability account is debited
Asset account is credited
Liability account is credited
Increase is debited, decrease is credited
Increase is credited, decrease is debited
Both increase and decrease are debited
Both increase and decrease are credited
Loading lesson…