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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 ajoutée par Mehboob Ali Laghari , Social Mobilization Team Incharge , TRDP-European Union
Date de publication: 2015/08/08
Said Shaban
par Said Shaban , Accountant , Tri State Materials Testing

The correct answer is:1- Debits must equal Credits

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

Option1 is correct answer..

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

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

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

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

Ahmer Zamir
par 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

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

Md. Moshiur Rahman Sumon
par 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
par Sony Kurian , Accountant/Material Controller , Azmeel Construction & Contracting Co.

1. Debits Must Equal Credits Which is Right

Sabir Hussain
par 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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