Home » Classroom » WAEC Accounting 2014 Question

The principle of double entry bookkeeping state... - WAEC Accounting 2014 Question

The principle of double entry bookkeeping states that

A
every debtor must have a creditor
B
every account debited must be immediately credited
C
for every debit entry, there must be a corresponding credit entry
D
for every double debit, there must be a double credit
correct option: c

The double entry principle of bookkeeping states that, for every credit entry, there must be a corresponding debit entry and vice versa

Please share this, thanks:

Add your answer

Notice: Posting irresponsibily can get your account banned!

No responses