Question

Q 5
What is the basis of recording transactions in double entry system
Accrual Basis
Cash Basis
Both (a) and (b)
None of these​

Answer 1

Answer:

both (a) and (b) I think this is a correct answer

Answer 2

Answer:

Both a and b

In the double-entry system, transactions are recorded in terms of debits and credits. Since a debit in one account offsets a credit in another, the sum of all debits must equal the sum of all credits.

Hope this helps you☺