One basic assumption of the double entry theory is that it allows?

FINANCIAL
JAMB 2008

One basic assumption of the double entry theory is that it allows?

  • A. two credit entries at the same time
  • B. two debit entries at the same time
  • C. debit and credit two credit entries at the same time
  • D. debit and credit two credit entries in corresponding account

Correct Answer: D. debit and credit two credit entries in corresponding account



Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *
Add Math
Don't want to keep filling in name and email whenever you make a contribution? Register or login to make contributing easier.