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Question Practice

When recording the opening entry, the total debits must equal the total credits. This relates to which accounting principle?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Accountancy - II
Financial Statements - I
Question Bank

When recording the opening ent...

Single Answer MCQ
Q-00053556

When recording the opening entry, the total debits must equal the total credits. This relates to which accounting principle?

1

Accrual principle

2

Going concern principle

3

Dual aspect principle

4

Consistency principle

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