The rule ‘every transaction affects two or more ledger accounts’ is based on the concept of …………….
A. Going concern
B. Double entry system of book-keeping
C. Money measurement
D. Periodicity
Answer:B
The rule ‘every transaction affects two or more ledger accounts’ is based on the concept of …………….
A. Going concern B. Double entry system of book-keeping C. Money measurement D. Periodicity