The concept of Double Entry Book-Keeping states that
A if you receive goods on credit the seller becomes your creditor
B for every debit entry there must be a corresponding credit entry
C one party receives and another party gives value
D purchases and sales are stated separately
Answer is B
Do you need a better understanding of this subject?
Do you need assignment help or homework help, tips and expos on how to pass your exams excellently well in any of your subjects? Click Here To Get Started.
This tutorial class is limited to 250 students only. JOIN OTHER STUDENTS NOW ON TELEGRAM
Virus-free. www.avg.com |