The accounting principle of double entry states that

The accounting principle of double entry states that

Accounts - Principles of Accounts

WAEC 2021

The accounting principle of double entry states that

A. debit the giver and credit the receiver
B. assets must be equal to capital plus liabilities
C. every debit entry must have a corresponding credit entry
D. debit entries increase liabilities while credit entries increase assets

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Correct Answer: Option C

Explanation

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The accounting principle of double entry states that

Correct Answer: Option C

Explanation

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