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Multiple Choice Questions

In a double entry system of bookkeeping an account has ........

Accountancy (Phase -I & II) Company Final Accounts
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    In a double-entry system of bookkeeping , an account has?

    One equal and corresponding sides

    Incorrect Answer

    Two equal and corresponding sides

    Correct Answer

    Two equal but may not be corresponding sides

    Incorrect Answer

    None of he above

    Incorrect Answer
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    Explanation:

    In a double-entry system of bookkeeping where every entry to an account requires a corresponding and opposite entry to a different account. The double-entry has two equal and corresponding sides known as debit and credit side.

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