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Show how the following transaction will be recorded applying the double entry principle:

Rent ₦50,000 was paid by Mr. Roi to his landlord on 1st July, 20 × 7 by cheque. A. Dr…

5 years ago

Transactions are recorded or posted to the ledger in line with?

A. Accounting Concept B. Source document C. Double Entry Principle D. Data collection Correct Answer: Option C C. Double Entry…

5 years ago
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