Q2731
Double entry system of bookkeeping refers to a system where:
A.
the number of accounts with a debit balance must agree with the number of accounts with the credit balance
B.
each transaction is recorded twice, once in journal and then in ledger
C.
equal debit and credit entries are made for each transaction
AnswerD.
each transaction is recorded in two set of account books
Answer: Option C
Solution
Answer: Option C
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