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What is the cardinal rule of the double entry system?
Question 1
Report
What
is the cardinal rule of the double entry system?
Debit
the increasing account and credit the decreasing account
Debit the receiving account and credit the giving account
Debit the asset account and credit the liability account
Debit
the revenue account and credit the expenditure account
Answer Details
Read lesson note on Principles Of Double Entry (JAMB)
Principles Of Double Entry
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