Pancyprian Accounting Practice Questions - Cyprus Pancyprian Access Examination Accounting (ΛΟΓΙΣΤΙΚΗ, Code 025) Exam

The fundamental rule of double-entry bookkeeping is that:

Every transaction must be recorded in the cash book Every transaction is recorded twice in the same account For every debit entry there must be an equal credit entry Every transaction must increase profit

Correct Answer:

For every debit entry there must be an equal credit entry

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