Register now or log in to join your professional community.
1. Debits Must Equal Credits
2. Credit Must be greater than Debits
3. Debits Must be greater than credits
4. All statements are false
The correct answer is:1- Debits must equal Credits
1. Debits Must Equal Credits...............
1..>>>>>>>>>>>>> Debits Must Equal Credits
The correct option is1) Debits must equal credit
Without this fundamental principle an entry cannot be valid or passed
1. Debits Must Equal Credits ............................................................................
1.Debits must equal to Credits is right answer.....................................
1. Debits Must Equal Credits Which is Right
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