The rule 'every transaction affects two or more ledger accounts' is based on the concept of —
CS CSEET · Business Economics & Fundamentals of Accounting and Auditing · PYQS · December 2013
The rule 'every transaction affects two or more ledger accounts' is based on the concept of —
Answer & Explanation:
Correct Answer: Option (B)
Correct answer: (B) Double entry system of book-keeping.
Topics: Fundamentals of Accounting and Auditing
Related Questions in this Topic
- 'Disclaimer of Opinion' means —
- Which of the following is necessarily to be included in an auditor's report —
- Detection and prevention of fraud is the _________ objective of auditing activity.
- The form and basic contents of statutory audit report are —
- For auditors, which of the following document generally contains the scope of work —