Transactions are recorded or posted to the ledger in line with
A
Accounting Concept
B
Source document
C
Double Entry Principle
DData collection
Answer is C
Based on the principle of double-entry system, for every debit there is a corresponding credit for an equal amount of money and for every credit there is a corresponding debit for an equal amount of money. That is, for every transaction one account is debited for, the amount of transaction and the other account is also credited.
