Accounting WAEC

The principle of double-entry bookkeeping states that?

A. every debtor must have a creditor
B. every account debited must be immediately credited
C. for every debit entry, there must be a corresponding credit entry
D. for every double debit, there must be a double credit

Correct Answer: Option C

C. for every debit entry, there must be a corresponding credit entry

Explanation

The double entry principle of bookkeeping states that, for every credit entry, there must be a corresponding debit entry and vice versa

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