The double entry principle states that
...The double entry principle states that
Every debit entry must have a corresponding credit entry
Every credit entry must have a corresponding double entry
Every debit must must have a corresponding double entry
Every assets must have a corresponding liability
Correct answer is A
No explanation has been provided for this answer.
What is the figure for purchases? ...
Gross profit in the branch adjustment account is transferred to the branch____________ ...
Which of the following is found in the general ledger? ...
Use the following information to answer the given question. \(\begin{array}{c|c} & ₦\\ \hli...
The equivalent of income and expenditure account in a trading concern is ...
The document from which entries are transferred to the purchases day book is the ...
One basic assumption of the double entry theory is that it allows? ...
Which of the following is not true of revenue expenditure? i. It is incurred in one period of...