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The principal of double entry book-keeping is that

Accounts - Principles of Accounts
WAEC 1990

The principal of double entry book-keeping is that
  • A. every debtor must have a creditor
  • B. every account debited must be immediately credited
  • C. for every debit there must be a corresponding credit
  • D. for every double debit, threre must be a double credit
  • E. for every item there must be a doubkle entry
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Correct Answer: Option C
Explanation
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now