Economics · Accounting
Which of the following is known as a system of accounting which recognizes and records both aspects (debit and credit) of a financial transaction?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Investor reporting system
- 2Creditor accounting system
- 3Double entry system✓
- 4Single entry system
Correct answer
Double entry system
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