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JAMB Principles of Accounts 2011 Question 4

Question 4

Double Entry and the Ledger

The principle of double entry system ensures

  1. A.mathematical accuracy in trial balance
  2. B.balances at the bank
  3. C.increase in the assets and liabilities
  4. D.balance of cash account.
Show the answer and explanation

Answer: A (mathematical accuracy in trial balance)

Explanation

Because every debit has an equal credit, total debits equal total credits, so the trial balance agrees.