The principle of double entry bookkeeping states that
-
A.
every debtor must have a creditor -
B.
every account debited must be immediately credited -
C.
for every debit entry, there must be a corresponding credit entry -
D.
for every double debit, there must be a double credit
Correct Answer: Option C
Explanation
The double entry principle of bookkeeping states that, for every credit entry, there must be a corresponding debit entry and vice versa