Question: What is a necessary procedure in the double - entry accounting system? Making a record of only credits or debits but not both Recording each
What is a necessary procedure in the doubleentry accounting system?
Making a record of only credits or debits but not both
Recording each transaction as both a debit and a credit
Using two separate journals or record books
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
