The principal of double entry book-keeping is that
...The principal of double entry book-keeping is that
Every debtor must have a creditor
Every account debited must be immediately credited
For every debit there must be a corresponding credit
For every double debit, threre must be a double credit
For every item there must be a double entry
Correct answer is C
No explanation has been provided for this answer.
The accounting concept which is the basis upon which assets of a business are valued is the ...
The financial position of an organization at a particular time can be ascertained from the ...
The total of the discounts received column in the three column cash book is? ...
The undistributed profits of a limited liability company is ...
Goodwill can be in the balance sheet as? ...
N Net profit -------------------------17,460 Capital account: Taiwo--------50,000 &...
\(\begin{array}{c|c} & J. Chike & B. Balla \\ & N & N \\ \hline \text{Current Accoun...