Transactions are recorded or posted to the ledger in line...
Transactions are recorded or posted to the ledger in line with
Accounting Concept
Source document
Double Entry Principle
Data collection
Correct answer is C
The main principle of double-entry system is that for every debit there is a corresponding credit for an equal amount of money and for every credit there is a corresponding debit for an equal amount of money; i.e. for every transaction one account is debited for, the amount of transaction and the other account is also credited.
Accumulated fund on 1st January 1993 is ...
"Transactions are governed by legal principles, but are nevertheless accounted for and presente...
Which of the following is not a debit entry on a sales ledger control account? ...
ln a not-for-profit organization, the accumulated fund is ...
A trial balance is a proof of ...