A. for every debit entry, there must be a corresponding debit entry B. for every credit entry, there must be a corresponding credit entry C. all transactions must be recorded in two accounts, one account is debited and another is credited D. all transaction must be credited
Correct Answer: C
Explanation
Double entry system is the entry of debit and credit for each transaction in the ledger. Hence the double entry rules states that "debit the receivers, credit the giver".
