Which accounting concept uses the rules " Every transaction effects two or more ledger accounts"? Options: A . &nbspGoing Concern B . &nbspDouble Entry Book Keeping C . &nbspMoney Measurement D . &nbspPeriodicity

Which accounting concept uses the rules " Every transaction effects two or

Question - Which accounting concept uses the rules " Every transaction effects two or more ledger accounts"?

Options:

A . Going Concern

B . Double Entry Book Keeping

C . Money Measurement

D . Periodicity

Answer: Option B
:
B
Double Entry Book Keeping accounting concept uses the rules " Every transaction effects two or more ledger accounts".

Was this answer helpful ?

Next Question