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What is the cardinal rule of the double entry system?

What is the cardinal rule of the double entry system?
  • A.
    Debit the increasing account and credit the decreasing account
  • B.
    Debit the receiving account and credit the giving account
  • C.
    Debit the asset account and credit the liability account
  • D.
    Debit the revenue account and credit the expenditure account
Correct Answer: Option B
Explanation