Buchhalterprüfung Practice Questions - Austria Fachprüfung Für Den Beruf Des Buchhalters (BiBuG 2014) Exam

What is the foundational principle of Double-Entry Bookkeeping (Doppelte Buchführung) in Austrian accounting?

Every business transaction is recorded in at least two accounts with equal Debit (Soll) and Credit (Haben) amounts, ensuring total debits always equal total credits Every invoice must be printed twice on paper and stored in two different folders Transactions are only recorded if approved by two separate tax inspectors Debits are recorded in odd months and credits in even months

Correct Answer:

Every business transaction is recorded in at least two accounts with equal Debit (Soll) and Credit (Haben) amounts, ensuring total debits always equal total credits

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