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Commerce · Q488

Accounting

Graduate and Post Graduate · Commerce · question 488

Q488

Which one is the principle of 'double entry system'?

A.
Purchase increases debit, income decreases credit
B.
Expense increases debit, income decreases credit
C.
Receiver is debit, giver is credit
Answer
D.
Receiver is credit, giver is dabit

Answer: Option C

Solution

Answer: Option C
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