Every debit must have is corresponding credit? Discuss this statement.
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Answer:Every debit must have a corresponding credit. According to Dual Aspect Concept, every transaction has two aspects, a debit and credit of equal amount.
Explanation:Every entry into the financial records of a business must balance with an equal value in debits as in credits however there could be different numbers of debits and credits therefore not a one for one matching. In double-entry accounting every debit has a corresponding and equal credit.
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Answer:
good account is account
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