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The principle of double entry bookkeeping states that

Accounts - Principles of Accounts
WAEC 2014

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
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Correct Answer: Option C
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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