BECE Business Studies 2023 Objective — Question 35
Question 35 of 120 from the Basic Education Certificate Examination (Junior WAEC) (BECE) Business Studies 2023 Objective paper, with the correct answer and a full explanation.
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The principle of recording transactions in book keeping is based on ______.
- A. assets and liabilities
- B. buyers and sellers
- C. creditors and debtors
- D. givers and receiversCorrect
- E. profit and loss
Explanation
Double entry: the receiver of value is debited and the giver is credited.
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