Q49
Double entry implies that
A.
Recording entries in Journal
B.
Recording entries in Ledger account
C.
Recording two aspects of every transaction
AnswerD.
Recording every transaction in books
Answer: Option C
Solution
Answer: Option C
Solution:
Double entry implies that recording two aspects of every transaction. The double-entry system of accounting or bookkeeping means that for every business transaction, amounts must be recorded in a minimum of two accounts.