Question on: JSS1 Business studies - Double Entry Book Keeping
What is double entry bookkeeping?
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A
A system where every financial transaction has equal and opposite effects in at least two different accounts.
B
A system where only one account is used for recording financial transactions.
C
A system where transactions are recorded randomly without any specific rules
D
A system where transactions are recorded without any consideration of balancing
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Correct Option: A
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