A

Admin • 831.35K Points
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Q. Double-entry system of accounting is based on the principle of:

  • (A) One aspect of each transaction
  • (B) Recording only credit transactions
  • (C) Two-fold aspect
  • (D) Single-sided accounting
  • Correct Answer - Option(C)
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  • Filed under category Accounting
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Explanation by: Admin
Double-entry means every transaction has equal debit and credit aspects.

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