हिंदी

State whether the following statement is True or False with reasons: Every debit has equal and corresponding credit. - Book Keeping and Accountancy

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प्रश्न

State whether the following statement is True or False with reasons:

Every debit has equal and corresponding credit.

विकल्प

  • True

  • False

MCQ
सत्य या असत्य

उत्तर

This statement is True.
As per the Dual aspect concept, every business transaction has a debit effect with equal and corresponding credit effect which is a base for the double-entry system.
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Study of Double Entry Book-keeping System
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 2: Meaning and Fundamentals of Double Entry Book-Keeping - EXERCISE [पृष्ठ ४०]

APPEARS IN

बालभारती Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board
अध्याय 2 Meaning and Fundamentals of Double Entry Book-Keeping
EXERCISE | Q 4. 3) | पृष्ठ ४०
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