Question on: WAEC Accounting - 2014
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
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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
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