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

1. Debits Must Equal Credits

2. Credit Must be greater than Debits

3. Debits Must be greater than credits

4. All statements are false

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Question added by Mehboob Ali Laghari , Social Mobilization Team Incharge , TRDP-European Union
Date Posted: 2015/08/08
Said Shaban
by Said Shaban , Accountant , Tri State Materials Testing

The correct answer is:1- Debits must equal Credits

Mohammad Ahmed Aslam
by Mohammad Ahmed Aslam , Chief Accountant , Forest United General Trading & Cont. Co.

Option1 is correct answer..

mohamed soliman
by mohamed soliman , General Manager , Al Babtain Group

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

FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

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

Ahmer Zamir
by Ahmer Zamir , Consultant , Saleem Associates & Co

The correct option is1) Debits must equal credit

Without this fundamental principle an entry cannot be valid or passed

Deleted user
by Deleted user

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

Md. Moshiur Rahman Sumon
by Md. Moshiur Rahman Sumon , Assistant General Manager( Corporate Finance & Head of Internal Audit) , Progressive Life Insurance Company Limited

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

Sony Kurian
by Sony Kurian , Accountant/Material Controller , Azmeel Construction & Contracting Co.

1. Debits Must Equal Credits Which is Right

Ans:-  1. Debits must equal credits.

Sabir Hussain
by Sabir Hussain , Accounting Manager , Etihad Aviation Tours & Travels

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

 

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