The rules of double entry states that
- for every debit entry, there must be a corresponding debit entry
- for every credit entry, there must be a corresponding credit entry
-
all transactions must be recorded in two accounts, one account is debited and another is credited
- all transaction must be credited
The correct answer is: C
Explanation
Double entry system is the entry of debit and credit for each transaction in the ledger. Hence the double entry rules states that "debit the receivers, credit the giver".