Transactions are recorded or posted to the ledger in line with
- Accounting Concept
- Source document
-
Double Entry Principle
- Data collection
The correct answer is: C
Explanation
The main principle of double-entry system is that for every debit there is a corresponding credit for an equal amount of money and for every credit there is a corresponding debit for an equal amount of money; i.e. for every transaction one account is debited for, the amount of transaction and the other account is also credited.