Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 37 - No. 30)
What is the rule regarding the debit and credit sides?
The debits and credits must always be equal.
The debits must be greater than the credits.
The credits must be greater than the debits.
Debits are always on the left side and credits are always on the right side.
Explanation
The fundamental principle of double-entry bookkeeping is that the debits must equal the credits for every transaction.
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