Question

Double entry principle means

a. Writing twice the same entry

b. Writing all the entries twice in the book

c. Having a debit for every credit and credit for every debit

d. All of the above


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Answer 1

$\huge \purple A \purple N \purple s \purple W \purple e \purple \R:−$

c. Having a debit for every credit and credit for every debit

Answer 2

Explanation:

a fundamental concept underlying present-day bookkeeping and accounting, states that every financial transaction has equal and opposite effects in at least two different accounts