Question: For every debit entry there must be a credit entry For every debit entry there must be a credit entry. A.Principle of entity B.Principle of

For every debit entry there must be a credit entry

For every debit entry there must be a credit entry.

A.Principle of entity B.Principle of double entry C.Principle of historical cost D.Principle of materiality

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Balances at the end of the financial year: 28 February 2022. Vehicles R300 000 Accumulated depreciation R50 000. Adjustment: 10000. Depreciation for the current year for the disposed vehicle is: . R1...

Q:

The Statement of Changes in Equity reports on changes in the financial position of an enterprise on a certain date. Select one: True False Financial performance of an enterprise for a particular...

Q:

I would like help with my weekly test questions for Accounting. The test is related to chapter 3 & 4 and is uploaded for your review. Test 2 CH 3-4 Multiple Choice Identify the choice that best...

Q:

I would like help with my weekly test questions for Accounting. The test is related to chapter 3 & 4 and is uploaded for your review. Test 2 CH 3-4 Multiple Choice Identify the choice that best...

Q:

FYI - workbook is not needed, already done. Did attach the file for assignment purposes. I need a Financial statement analysis paper. Guidelines and rubric pdf is attached for more information. This...

Q:

FAC1503/101/3/2019 ASSIGNMENT 01 - SECOND SEMESTER DUE DATE: 19 AUGUST 2019 UNIQUE NUMBER: 739030 Before you answer the questions of this assignment, you must study learning units 1 to 6 of your...

Q:

Intelligent Toys, Inc (ITI) is a well establish toys trading company which adopts the periodic system. ITI prepares its financial statements on a monthly basis Already the best quality of photos i...

Q:

Intelligent Toys, Inc (ITI) is a well establish toys trading company which adopts the periodic system. ITI prepares its financial statements on a monthly basis. The trial balance of ITI as at 28...

Q:

1. Double entry accounting means that: a. Every transaction requires a debit and a credit entry, or two debit entries, or two credit entries are required. b. For every transaction there must be at...

Q:

Intelligent Toys, Inc (ITI) is a well establish toys trading company which adopts the periodic system. ITI prepares its financial statements on a monthly basis. The trial balance of ITI as at 28 uary...

Q:

Potassium K(s) K(g) K* (g) K+ (aq) KF(s) KCI(s) KBr(s) KI(s) KOH(s) KCIO3(s) KCIO4(s) Rubidium Rb(s) Rb(g) Rb (g) Rb (aq) RbF(s) RbCl(s) RbBr(s) Rbl(s) Silicon Si(s) SiF4(g) SiO (s) Silver Ag(s)...

Q:

Some research by the local university shows that eating burritos improves health in several ways. The local government decides to subsidize burrito consumption paying for $5 of every burrito...

Q:

In calculating EPS, preferred stock dividends are subtracted from the numerator because EPS represents earnings available to shareholders.

Q:

Skills necessary for success in marketing include Multiple select question. analytical thinking advertising industry experience infallibility ability to work with others

Q:

How do relationships between people who never meet face to face differ from relationships between people who can see each other? What are the advantages and limitations of forming and sustaining...

Q:

How can you develop media literacy?

Q:

What organizational pattern did Elizabeth use and to what extent was it effective?