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Question 138Asked in DSSSB TGT Computer Science, 24 Jun 2023, Shift 3 (4:30 PM)

According to the double entry system, every transaction will have ______ entries.

  1. ARight and Left
  2. BUp and Down
  3. CDebt and Credit
  4. DUp and Left
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Correct answer: (C) Debt and Credit

Explanation

Under the double-entry system, every transaction has two aspects, a debit and a credit, of equal amounts.

From DSSSB TGT Computer Science PYQ, 24 Jun 2023, Shift 3 (4:30 PM)

This is question 138 of DSSSB TGT Computer Science PYQ, 24 Jun 2023, Shift 3 (4:30 PM). See all questions of this paper with answers, or attempt the paper as a timed online test to get your score and all-India rank.