The rules of double entry states that?

A. for every debit entry, there must be a corresponding debit entry
B. for every credit entry, there must be a corresponding credit entry
C. all transactions must be recorded in two accounts, one account is debited and another is credited
D. all transaction must be credited

Correct Answer: Option C

C. all transactions must be recorded in two accounts, one account is debited and another is credited

Explanation

Double entry system is the entry of debit and credit for each transaction in the ledger. Hence the double entry rules states that “debit the receivers, credit the giver”.