In double entry bookkeeping transactions which of the following must be true?

Question

1. Debits Must Equal Credits

2. Credit Must be greater than Debits

3. Debits Must be greater than credits

4. All statements are false

Said Shaban · Answer

The correct answer is:1- Debits must equal Credits

Muneer Muneer · Answer

Credit must equal to debit

Mohammad Ahmed Aslam · Answer

Option1 is correct answer..

mohamed soliman · Answer

1. Debits Must Equal Credits...............

FITAH MOHAMED · Answer

1..>>>>>>>>>>>>> Debits Must Equal Credits

Ahmer Zamir · Answer

The correct option is1) Debits must equal credit

Without this fundamental principle an entry cannot be valid or passed

مستخدم محذوف‎ · Answer

1. Debits Must Equal Credits ............................................................................

Md. Moshiur Rahman Sumon · Answer

1.Debits must equal to Credits is right answer.....................................

Sony Kurian · Answer

1. Debits Must Equal Credits Which is Right

ahmed urva mohtesham · Answer

Ans:- 1. Debits must equal credits.

Sabir Hussain · Answer

In double entry system both accounts of a transaction recorded and according to accounting rules Debit side always must be equal to Credit Side.

ans: 1. Debits Must Equal Credits