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The principle of recording transactions in book keeping is based on ____________

The principle of recording transactions in book keeping is based on ____________
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  • A Assets and liabilities.
  • B Buyers and sellers.
  • C Creditors and debtors.
  • D Givers and receivers.
  • E Profit and loss.
Correct Answer: Option D
Explanation:
Bookkeeping principles involve recording transactions based on the dual aspect concept, involving givers and receivers.

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