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  • Accounting (CA - CPT)
  • In double entry system of book keeping, every business tr...
Multiple choice

In double entry system of book keeping, every business transaction affects

  1. two accounts

  2. two sides of the same account

  3. the same account on two different dates

  4. All of the above

  5. None of these

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Double entry purpose means that for every debit, there is a credit.

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