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Accounts (Principles of Accounts) · Double entry and the ledger

Accounts (Principles of Accounts)Double entry and the ledgerJAMB

Under double entry, every transaction affects

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Answer: D. at least two accounts

Each transaction has a debit and a credit of equal amount in two or more accounts.

An AdmitMe practice question, written for the JAMB syllabus. Not an official past question.

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